CMA gazettes Stewardship Code
The Capital Markets Authority, Kenya’s market regulator, has announced the gazettement of the Stewardship Code for Institutional Investors (Stewardship Code)
Kenya is now the second country in Africa, after South Africa, to introduce the framework.
The Stewardship Code is aimed at empowering institutional investors to take up take up the role of stewardship as the representatives of their clients or investors to encourage continuous improvement in corporate governance practices in listed companies and other approved products.
The code is part of CMA’s ongoing corporate governance reforms in the capital markets and applies to all institutional investors investing in bourse-listed securities.
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Source: X News