A Company Secretary

A Company Secretary

A company secretary is a senior position in a private company or public organization, normally in the form of a managerial position or above. Despite the name, the role is not a clerical or secretarial one in the usual sense. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps…

Beneficial Ownership In Kenya

Beneficial Ownership In Kenya

BENEFICIAL OWNERSHIP: NEED FOR DISCLOSURE OF BENEFICIAL OWNERS OF A COMPANY IN KENYA Section 93A of the Kenyan Companies Act 2015 has introduced a new development regarding updating the Beneficial Ownership of a Company. The Companies (Beneficial Ownership Information) Regulations, 2020 which came into force on 18 February 2020 provide further critical detail in connection…

Shareholders Agreement

Shareholders Agreement

DEFINITION A shareholders’ agreement is essentially a corporate pre-nuptial agreement. A shareholders’ agreement is, as you might expect, an agreement between the shareholders of a company. It can be between all or, in some cases, only some of the shareholders (like, for instance, the holders of a particular class of share). Its purpose is to protect the shareholders’ investment…

Registration of a charitable trust or foundation in Kenya

Registration of a charitable trust or foundation in Kenya

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
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Board Charter

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…