Agro firms trail banks in good governance ratings

Capital Markets Authority (CMA) CEO Wyckliffe Shamiah. FILE PHOTO | NMG

Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said.

The sector with six firms had the least weighted score with a rating of 55.04 percen, shining a spotlight on their compliance with the code of governance principles that sets principles such as directors’ pay, their term limits, adoption of a code of ethics, review of board composition and stakeholder relations.

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