The changes in the law making it easier for majority shareholders to forcibly take over companies listed on the Nairobi Securities Exchange have left minority investors exposed and do not bode well for robust governance.
Worse still, the manner in which the Statute (Miscellaneous Amendments) Act No. 12 of 2019, which now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by remaining investors, was passed leaves a lot to be desired.
