Kenya: CMA Limits Company Secretaries to 3 Listed Firms

To improve corporate governance, the Capital Markets Authority (CMA) has limited company secretaries to serve a maximum of three listed firms at any given time.

The Authority’s move to curb cases of over-commitment is its latest attempt to improve corporate governance. In its latest report on the state of corporate governance for Nairobi security exchange-listed firms, the regulators say they noticed an increasing trend of company secretaries serving multiple firms concurrently.

According…