Kenya Commercial Bank is the best governed company in the country, followed by Safaricom and Standard Chartered, the Cytonn Corporate Governance Index shows. The report shows KCB Group scored 95.8 per cent while both Safaricom and Standard Chartered scored 83.3 per cent. Diamond Trust Bank scored 75 per cent while I&M Bank, Umeme and Equity Grouped scored 72.9 per cent. Poor corporate governance is also to blame for the collapse of Dubai Bank, Imperial Bank and Chase Bank. “A higher score indicates better corporate governance,” chief investment officer Elizabeth Nkukuu said during the launch of the report on Monday morning.

Source: The Star May 09, 2016 04:37 UTC