27 NSE-listed firms fail transparency and risk control test

Stockbrokers at the Nairobi Securities Exchange. FILE PHOTO | NMG 

Nearly half of the firms listed on the Nairobi Securities Exchange (NSE) have corporate governance failures, an audit by the regulator has shown, exposing the risk of capital loss that investors face.

A new report by the Capital Markets Authority (CMA) shows that 27 firms — an equivalent of 44 per cent of the companies listed on the bourse — are in breach of diverse corporate governance requirements such as transparency.

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