January 2015 Newsletter
On 5 and 6 November 2014, the Nairobi Securities Exchange (NSE) partnered with Barclays and New Faces New Voices (NFNV) to host the Board Chairs and Secretaries of listed companies for the NSE Leadership and Diversity Dialogue.
As the NSE, we were proud to convene this forum in line with our role of fostering best practices in corporate governance. In addition to sensitizing the participants about the new Corporate Governance Code, the forums provided us with an opportunity to discuss the various aspects of leadership and diversity in relation to firm performance.
“Every Board should consider whether its size, diversity and demographics make it effective. Diversity applies to
academic qualifications, technical expertise, relevant industry knowledge, experience, nationality, age, race and gender. The appointment of Board members should be sensitive to gender representation and should not be perceived to represent a single or narrow community interest. Where companies establish a diversity policy, they should also
introduce appropriate measures to ensure that the policy is implemented.”
Capital Markets Act (Cap. 485a), Code of Corporate Governance Practices For Public Listed Companies In Kenya (2014).