Corporate
governance in Kenya continues to play a very important of ensuring that corporations
in the country are governed well and as a result they are able to grow.
We need to
understand that for any corporation or organization to email relevant in the
world its important they as an organization they look for innovative ways of
adopting their corporate governance practices if they want to ensure that they
meet the new demands and also be able to grasp new opportunities.
For any company
to grow it’s needs to retain its shareholders and this can only be achieved by
ensuring that its corporate value is increasing.
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| Corporate Governance Research |
Objectives of corporate governance in Kenya
Structure
One of the
objectives of corporate governance is ensuring that there is a properly structured board which is able and capable of
taking independent and objective decisions.
Balance
The other role
of Corporate governance is to ensure that there will be a balance, especially
in regards to the representation of adequate number of non executive and
independent directors who will be able to take care of the interest of all the
stakeholders.
Effective machinery
Corporate governance
also plays a very important role in ensuring that there is an effective
machinery to deal with all stakeholders’ concerns. It also ensures that they
are informed of all the relevant developments that may have an impact on the
company.
Mandate
It also gives
the board of directors the mandate to effectively and regularly monitor the
functioning of the management team. It also ensures that the board remains in
effective control of the affairs of the company at all times.
This helps the
board to adopt transparent procedures and practices and arrives at decisions on the strength of adequate information.
Benefits of Corporate Governance Research
Ensures Sustainability
For an organization
to be able to sustain itself, Corporate governance has to play a part. This is
normally done through the corporate governance research where the heads are
tasked with the role of getting the details on how they can run the company
successfully.
Helps
in combating competition and external pressures
Since Corporate
governance helps organizations and companies to identify their competitors, it
becomes easier for the company to deal with external pressures effectively without
seeking any assistance from somewhere else.
Helps achieve good results
With the Corporate
governance research, a company will easily identify the strengths and weaknesses
they may be having and how they can improve on them. Remember a corporation that is aware of its strengths and weaknesses
is more likely to be more productive because they do understand who they really
are and work hard to show their worth.
Roles
It’s very
important that an employer gets to understand his/her employees. This is very
crucial in ensuring that people work towards one goal which is to grow the
company. Being able to know and understand employees helps in identifying their
strengths and weaknesses, thus ensuring that duties and roles are assigned
according to the employee’s abilities.
Well as I have discussed above, its clear that corporate governance in Kenya is an important aspect of growth and equality in any organization or company.
