What to know about Corporate Governance in Kenya

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.

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.