NSE companies to disclose pay for laid-off CEOs

Former TransCentury CEO Gachao Kiuna. FILE PHOTO | NMG

Companies listed on the Nairobi Securities Exchange (NSE) will now be required to disclose how much they will pay their CEOs and top executives should they get sacked before the end of their terms.

The demand is contained in new rules dubbed the Companies (General Amendment) Regulations 2017, which are meant for investors to know the liability of terminating executives’ contracts in quoted companies.

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