Latest News
Succession Planning
If there is a thing that the pandemic has forced individuals, businesses, governments, and the world at large to do, is to rethink fundamentals such as business continuity, agility and succession. Despite the exiting of all leaders from office being inevitable,...
First Corporate Governance Masterclass Training in 2021
The new benchmark for company secretaries, c-suite managers, directors and governance professionals is training and certification in corporate governance. Essentially, it demonstrates that you hold the knowledge, skills and experience to shoulder all the...
Kenya projects over 5% economic growth in 2021 – African Development Bank
Kenya's economy has obviously been impacted by the 2019 Corona Virus Disease (COVID-19). The pandemic has had tremendous repercussions to the business environment throughout 2020. The African Development Bank reported a 5.9% growth in the GDP in 2019 with a projected...
All you need to know about Turnover Tax & Presumptive Tax
There has been quite a bit of a buzz about taxation in Kenya on the internet, especially towards the end of 2020. The proposed The Tax Laws (Amendment) Act, 2020, comes into effect on the 1st of January 2021 after receiving presidential assent. After receiving the...
Companies (Beneficial Ownership Information) Regulations, 2019
Introduction The Companies Registry has introduced a mandatory requirement for all companies to keep and maintain a register of Beneficial Owners of the company effective 13th October 2020, as stipulated in Section 93 of the Companies Act 2015. As per the Companies...
Certified Company Secretaries: Does your company need one?
Company Secretaries are a legal requirement for to operate a business in Kenya. This is outlined in Chapter 534 of the laws of Kenya. This position is set out by Kenyan law to fulfill compliance matters required for any company to be in business. What do Company...
3 Things you probably didn’t know about the Companies’ Act 2015, Kenya
The Companies’ Act was reviewed in line with vision 2030. The government of Kenya set out to constantly promote establishment and operation of businesses. In addition to other laws and regulations, The Companies’ Act 2015 was put in place to streamline the ease of...
I.T. in Governance? Why Not?
Over the years we have all seen the massive transformation in all facets of our lives driven by Information Technology (IT). The rate at which new IT innovations are sprouting appears to render the most recent technologies obsolete within a year. Take for example the...
The Company Seal: Why every company needs it!
What is a Company Seal? A Company being an artificial person cannot sign documents. The law has provided for the use of a common seal, with the name of company engraved on it, as a substitute for its signature. No document issued by the Company shall be binding on it...