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Former CEOs kick up storm with transfer to boardrooms positions
Management experts say though a few merit the positions, the majority lack the dynamism that is critical to the survival of modern corporations. Photo/FILE
Kenya’s retired chief executives are increasingly taking up new boardroom roles, deepening the revolving door policy that has earned the country the dubious distinction of having some of the most conservative boards in Africa.
Industry statistics show that nearly four in every six top executives who retired in the past five years have been co-opted in the boardrooms of former employers or offered a seat in the boards of other companies.
