A report by the Africa Corporate Governance Network and the Institute of Directors (IOD) on The State of Corporate Governance in Africa reviewed 13 countries. Updated Mon, July 4th 2016 at 12:12 GMT +3Kenya has been ranked among the top five improved countries in Africa on corporate governance. The report shows that corporate governance has gradually evolved in the last few years. According to the report, the development of corporate governance is critically dependent on the political structure, economic development and legal framework. “We acknowledge that there is no single model of corporate governance that fits all.

Source: Standard Digital July 04, 2016 09:22 UTC