Fund managers get nod to hold firms accountable

Capital Markets Authority (CMA) CEO Wyckliffe Shamiah on April 29, 2021. PHOTO | LUCY WANJIRU | NMG

The Capital Markets Authority (CMA) will begin implementation of the Stewardship Code this year, allowing institutional investors to take an active role in the oversight of operations of public companies.

The code will see the major investors such as pension funds, insurance companies, investment trusts and collective investment schemes with stakes in listed companies question management on policies and critique the board’s strategies.

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