OVERVIEW OF CORPORATE GOVERNANCE PRINCIPLES AND ETHICAL STANDARDS UNDER MWONGOZO CODE

Corporate Governance

The Mwongozo Code, guiding Kenya’s state corporations, emphasizes transparency, accountability, and efficiency. It mandates strong leadership, clear board roles, and effective risk management. Ethical standards focus on integrity, fairness, and respect for stakeholders, promoting socially responsible and sustainable operations to enhance corporate performance and trust.

Principles of Corporate Governance: Reporting and Disclosures

The Organization for Economic Cooperation and Development (OECD) defines corporate governance principles as the non-binding key pillars or building blocks of sound corporate governance intended to help policy makers evaluate and improve corporate governance’s legal, regulatory, and institutional framework.