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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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https://www.capitalfm.co...governance-ranking/amp/
Copy & paste!!! KCB, NSE and Safaricom top corporate governance ranking NAIROBI, Kenya, Oct 15 – KCB Group, Nairobi Securities Exchange (NSE), and Safaricom tied as the Top 3 companies with the best corporate governance practices among listed companies in Kenya in 2018. This is according to the annual Cytonn Corporate Governance Report – 2018, that indicates firms with higher levels of corporate governance, outperformed those with lower levels of corporate governance, by 15 percent when looking at share price performance over the last five years. The ranking is based on 24 metrics that consider different aspects of governance, including board composition, ethnic and gender diversity, board meeting attendance, board independence, remuneration, and overall transparency. KCB Group, NSE and Safaricom all tied at the 1st rank, each having attained a comprehensive score of 85.4 percent, supported by, among others; gender and ethnic diversity in the board composition, a good proportion of independent directors, defined tenures to accommodate rotation, and high level of exposure to of board members to global markets. Other Firms on the top ten best corporate governance practices include DTB Bank at fourth place, Standard Chartered Bank at fifth place, NIC Bank, Kenya Power, BAT Kenya, East African Breweries, Liberty and Jubilee Holdings. The most improved firm in the ranking was Limuru Tea, with a comprehensive score of 41.7 percent, ranking them at Position 46, from a score of 16.7 percent and Position 49 in the 2017 Report due to increase of board members to an odd number, introduction of a female board member, and better disclosure on board member details, work experience, and remuneration. The biggest decliner was ARM Cement, which recorded a decline to a comprehensive score of 58.3 percent, ranking them at Position 42, due to lack correlation between remuneration and earnings, a high shareholding level at the board, and evenness of the board. “The top 24 companies in the Cytonn Corporate Governance Report (CGR) have delivered an absolute return of approximately 2.1 percent over the last 5-years compared to the bottom 23 companies, which have delivered an absolute return of (13 percent) over the last 5-years, meaning that the advantage to better governance delivered 15.1 percent better returns to shareholders,” the report notes. Compared to last year’s ranking, there was an overall improvement in the comprehensive score, board attendance, proportion of non-executive directors as well as ethnic diversity in the 47 listed companies in the report “Corporate governance reporting standards continue to improve in the country. Earlier in the year, the Capital Markets Authority’s Code of Corporate Governance practices came into full effect and we have witnessed compliance as companies adopted the provisions of the code in their annual reports for the financial year 2017,” the report indicates. The survey was conducted on 47 companies listed on the Nairobi Securities Exchange with a market capitalization in excess of Sh1. billion. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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Angelica _ann wrote:https://www.capitalfm.co...governance-ranking/amp/
Copy & paste!!! KCB, NSE and Safaricom top corporate governance ranking NAIROBI, Kenya, Oct 15 – KCB Group, Nairobi Securities Exchange (NSE), and Safaricom tied as the Top 3 companies with the best corporate governance practices among listed companies in Kenya in 2018. This is according to the annual Cytonn Corporate Governance Report – 2018, that indicates firms with higher levels of corporate governance, outperformed those with lower levels of corporate governance, by 15 percent when looking at share price performance over the last five years. The ranking is based on 24 metrics that consider different aspects of governance, including board composition, ethnic and gender diversity, board meeting attendance, board independence, remuneration, and overall transparency. KCB Group, NSE and Safaricom all tied at the 1st rank, each having attained a comprehensive score of 85.4 percent, supported by, among others; gender and ethnic diversity in the board composition, a good proportion of independent directors, defined tenures to accommodate rotation, and high level of exposure to of board members to global markets. Other Firms on the top ten best corporate governance practices include DTB Bank at fourth place, Standard Chartered Bank at fifth place, NIC Bank, Kenya Power, BAT Kenya, East African Breweries, Liberty and Jubilee Holdings. The most improved firm in the ranking was Limuru Tea, with a comprehensive score of 41.7 percent, ranking them at Position 46, from a score of 16.7 percent and Position 49 in the 2017 Report due to increase of board members to an odd number, introduction of a female board member, and better disclosure on board member details, work experience, and remuneration. The biggest decliner was ARM Cement, which recorded a decline to a comprehensive score of 58.3 percent, ranking them at Position 42, due to lack correlation between remuneration and earnings, a high shareholding level at the board, and evenness of the board. “The top 24 companies in the Cytonn Corporate Governance Report (CGR) have delivered an absolute return of approximately 2.1 percent over the last 5-years compared to the bottom 23 companies, which have delivered an absolute return of (13 percent) over the last 5-years, meaning that the advantage to better governance delivered 15.1 percent better returns to shareholders,” the report notes. Compared to last year’s ranking, there was an overall improvement in the comprehensive score, board attendance, proportion of non-executive directors as well as ethnic diversity in the 47 listed companies in the report “Corporate governance reporting standards continue to improve in the country. Earlier in the year, the Capital Markets Authority’s Code of Corporate Governance practices came into full effect and we have witnessed compliance as companies adopted the provisions of the code in their annual reports for the financial year 2017,” the report indicates. The survey was conducted on 47 companies listed on the Nairobi Securities Exchange with a market capitalization in excess of Sh1. billion. I stopped reading when I got to Kenya Power
KQ ABP 4.26
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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obiero wrote:Angelica _ann wrote:https://www.capitalfm.co...governance-ranking/amp/
Copy & paste!!! KCB, NSE and Safaricom top corporate governance ranking NAIROBI, Kenya, Oct 15 – KCB Group, Nairobi Securities Exchange (NSE), and Safaricom tied as the Top 3 companies with the best corporate governance practices among listed companies in Kenya in 2018. This is according to the annual Cytonn Corporate Governance Report – 2018, that indicates firms with higher levels of corporate governance, outperformed those with lower levels of corporate governance, by 15 percent when looking at share price performance over the last five years. The ranking is based on 24 metrics that consider different aspects of governance, including board composition, ethnic and gender diversity, board meeting attendance, board independence, remuneration, and overall transparency. KCB Group, NSE and Safaricom all tied at the 1st rank, each having attained a comprehensive score of 85.4 percent, supported by, among others; gender and ethnic diversity in the board composition, a good proportion of independent directors, defined tenures to accommodate rotation, and high level of exposure to of board members to global markets. Other Firms on the top ten best corporate governance practices include DTB Bank at fourth place, Standard Chartered Bank at fifth place, NIC Bank, Kenya Power, BAT Kenya, East African Breweries, Liberty and Jubilee Holdings. The most improved firm in the ranking was Limuru Tea, with a comprehensive score of 41.7 percent, ranking them at Position 46, from a score of 16.7 percent and Position 49 in the 2017 Report due to increase of board members to an odd number, introduction of a female board member, and better disclosure on board member details, work experience, and remuneration. The biggest decliner was ARM Cement, which recorded a decline to a comprehensive score of 58.3 percent, ranking them at Position 42, due to lack correlation between remuneration and earnings, a high shareholding level at the board, and evenness of the board. “The top 24 companies in the Cytonn Corporate Governance Report (CGR) have delivered an absolute return of approximately 2.1 percent over the last 5-years compared to the bottom 23 companies, which have delivered an absolute return of (13 percent) over the last 5-years, meaning that the advantage to better governance delivered 15.1 percent better returns to shareholders,” the report notes. Compared to last year’s ranking, there was an overall improvement in the comprehensive score, board attendance, proportion of non-executive directors as well as ethnic diversity in the 47 listed companies in the report “Corporate governance reporting standards continue to improve in the country. Earlier in the year, the Capital Markets Authority’s Code of Corporate Governance practices came into full effect and we have witnessed compliance as companies adopted the provisions of the code in their annual reports for the financial year 2017,” the report indicates. The survey was conducted on 47 companies listed on the Nairobi Securities Exchange with a market capitalization in excess of Sh1. billion. I stopped reading when I got to Kenya Power I stopped reading when I noted it's from Cytonn.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Cde Monomotapa wrote:cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please   The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed. Agreed. Awesome buy window coming up. However going through the various sentiments expressed here it would appear the majority have already thrown in the towel or are just about to. As earlier intimated the tricky bit this time round won't be in the buying but in the waiting as prices stagnate or continue to tumble. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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lochaz-index wrote:Cde Monomotapa wrote:cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed. Agreed. Awesome buy window coming up. However going through the various sentiments expressed here it would appear the majority have already thrown in the towel or are just about to. As earlier intimated the tricky bit this time round won't be in the buying but in the waiting as prices stagnate or continue to tumble. . Kenyan financials are your best bet at the moment. Look at the Q3 numbers coming up shortly
KQ ABP 4.26
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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lochaz-index wrote:Cde Monomotapa wrote:cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed. Agreed. Awesome buy window coming up. However going through the various sentiments expressed here it would appear the majority have already thrown in the towel or are just about to. As earlier intimated the tricky bit this time round won't be in the buying but in the waiting as prices stagnate or continue to tumble. Suicide watch!!! My portifolio is 25% and if it goes to more than 50% i think i need to be on suicide watch jameni, how much loss can we take though still paper losses And there are lunatics who think they will be a country to talk about if things continue this way with the 2 at the top
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Rank: Member Joined: 4/21/2015 Posts: 151
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heri wrote:lochaz-index wrote:Cde Monomotapa wrote:cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed. Agreed. Awesome buy window coming up. However going through the various sentiments expressed here it would appear the majority have already thrown in the towel or are just about to. As earlier intimated the tricky bit this time round won't be in the buying but in the waiting as prices stagnate or continue to tumble. Suicide watch!!! My portifolio is 25% and if it goes to more than 50% i think i need to be on suicide watch jameni, how much loss can we take though still paper losses And there are lunatics who think they will be a country to talk about if things continue this way with the 2 at the top Those who get angry enough are getting listened to. The maize farmers, SME's, sijui who is next.The two believe in kutendea wanaosema shida zao.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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AndyC wrote:heri wrote:lochaz-index wrote:Cde Monomotapa wrote:cnn wrote:Sufficiently Philanga....thropic wrote:Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783. We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please The GFC lows were a great buying time for some good dividend paying stocks .I have kept BAT since then . Another 15 to 20 percent fall in the indices and some great long term buys should present themselves . Indeed. Agreed. Awesome buy window coming up. However going through the various sentiments expressed here it would appear the majority have already thrown in the towel or are just about to. As earlier intimated the tricky bit this time round won't be in the buying but in the waiting as prices stagnate or continue to tumble. Suicide watch!!! My portifolio is 25% and if it goes to more than 50% i think i need to be on suicide watch jameni, how much loss can we take though still paper losses And there are lunatics who think they will be a country to talk about if things continue this way with the 2 at the top Those who get angry enough are getting listened to. The maize farmers, SME's, sijui who is next.The two believe in kutendea wanaosema shida zao. If you can't fix what measures your economic performance what are you for? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Kenya made the biggest mistake electing those 2 fellows..... possunt quia posse videntur
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Kenyans just like to
cry cry cry
Wail wail wail
Ngweeh ngweeh ngweeh
About any and everything
Economy red hot at 6.3% last quarter, 5%+ for the previous 16 years
SGR huyooooo mpaka Naivasha by Madaraka day.. clean and spanking new with double stack Sasa.
Stima nywee to every village and public school over the past 6 years
Masomo freeeeee mpaka secondary
Title deeds hizooooo even in ticking time bombs like Embakasi caused by the two chaps who lived in the back room of their bars
Transmission lines hizoooo Lolongyani, Ethiopia, Suswa to Msa and much more
Barabara hizoooooo falling on Kenya like elephant dung
Corruption hiyooo big boys are heading to kamiti like flies
Jameni what more do you fellows want?
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