Registration of a Charitable Trust or Foundation in Kenya Black Law dictionary defines a Charitable Trust as One in which property held by a trustee must be used for charitable purposes (advancement of health, religion, etc.). Fiduciary relationship with respect to property arising as a result of a manifestation of an intention to create it,…
BOARD CHARTER A board charter is a policy document that clearly defines the respective roles, responsibilities and authorities of the board of directors (both individually and collectively) and management in setting the direction, the management and the control of the organisation. BENEFITS OF BOARD CHARTERS Assists the corporation’s leadership in delivering good governance; Documents the…
Establishing an ESOP in Kenya AN EMPLOYEE SHARE OWNERSHIP PLAN An employee share ownership plan (ESOP) is a mechanism that enables and facilitates employee ownership in a company. Employee ownership schemes are an attractive form of giving employees an opportunity to participate in the ownership and decision making of their company. An employee share…
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