Corporate Governance
The Board of directors (“the Board”) of Centum Investment Company Limited (Centum) is the core of Centum’s system of corporate governance and is ultimately accountable and responsible for the performance and affairs of the Centum.
The Board accordingly embraces the principles of good governance as set out in the a number of governance frameworks; including the Capital Markets Authority Guidelines on Corporate Governance Practices by Public Listed Companies in Kenya, the Kings Code on Corporate Governance Report and the Principles for Corporate Governance in Kenya issued by the Center of Corporate Governance.
Role and functions of the Board
The Board specifically exercise leadership, enterprise, integrity and judgement in directing Centum so as to achieve continuing prosperity for its shareholders. The Board shall at all times act in the best interests of Centum in a manner based on transparency, integrity, accountability and responsibility.
Committees of the Board
The board has four standing Committees all of which are guided by clear Terms of Reference. The Committees are instrumental in monitoring company operations, systems and internal controls.