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Corporate governance is the framework of rules, systems, practices, relationships and processes by which a company is directed and controlled and authority exercised. Corporate Governance refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions.

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies.

Corporate governance includes company's accountability to shareholders and other stakeholders such as employees, suppliers, customers and local community.

Corporate governance entails the areas of environmental awareness, ethical behavior, corporate strategy, compensation, and risk management. The basic principles of corporate governance are accountability, transparency, fairness, and responsibility.

Main points:
• Corporate governance is the structure of rules, practices, and processes used to direct and manage a company.
• A company's board of directors is the primary force influencing corporate governance.
• Bad corporate governance can cast doubt on a company's operations and its ultimate profitability.
• Corporate governance entails the areas of environmental awareness, ethical behavior, corporate strategy, compensation, and risk management.
• The basic principles of corporate governance are accountability, transparency, fairness, and responsibility.

Six Pillars of Good Corporate Governance:
√ Rules of law.
√ Moral integrity.
√ Transparency.
√ Participation.
√ Responsibility and accountability.
√ Effectiveness and efficiency.

The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.

Governance helps you to always act in the best interests of the business. More specifically, it can improve the performance of your business, help it become more stable and productive, and unlock new opportunities. It can reduce risks, and enable faster and safer growth. It can also improve reputation and foster trust.

The benefit of having strong corporate governance is the ability to be strategically competitive and perform without risk of being ethically or legally exposed.

Contact us at Scribe Corporate Services for further information:
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Cell: +254 773 044611/ 20 2670008..
The leading worldwide governance institute - The Chartered Governance Institute

The Chartered Governance Institute UK & Ireland is the professional body for governance We champion good governance practices, provide qualifications, training and resources to members and governance professionals worldwide.

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Every adult to pay NHIF Sh6,000 in health Bill
Thursday May 20 2021
The government-backed National Hospital Insurance Fund (Amendment) Bill seeks to make it compulsory for every Kenyan above 18 years to contribute NHIF.


Every adult to pay NHIF Sh6,000 in health Bill

By PATRICK ALUSHULA

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IN SUMMARY
Every adult Kenyan will soon make an annual compulsory Sh6,000 contribution to the National Hospital Insurance Fund (NHIF) if Parliament adopts State-backed changes to law in race to offer medical cover for all.
The government-backed National Hospital Insurance Fund (Amendment) Bill seeks to make it compulsory for every Kenyan above 18 years to contribute and be a member of NHIF.
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Every adult Kenyan will soon make an annual compulsory Sh6,000 contribution to the National Hospital Insurance Fund (NHIF) if Parliament adopts State-backed changes to law in race to offer medical cover for all.

The government-backed National Hospital Insurance Fund (Amendment) Bill seeks to make it compulsory for every Kenyan above 18 years to contribute and be a member of NHIF.

They will be required to pay Sh500 monthly in a remodelled universal health coverage (UHC) scheme for outpatient and inpatient services, including maternity, dialysis, cancer treatment and surgery.

The planned mandatory NHIF membership will be an upgrade of the scheme where only workers in the formal sector are compelled to join.

“The Bill proposes to insert a new Section 15A to make it mandatory for any person who has attained the age of 18 years and is not a beneficiary to register as a member of the Fund,” states the memorandum of the Bill.

The review of law, which is currently before Parliament, will target more than 16 million adult Kenyans who are not covered by the NHIF.

[Extracted from Business Daily]

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Adobe Acrobat - Conservatory Order (Minimum Tax) Petition No. E005 of 2021 ruling.pdf Click or tap to view this file.