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Corporate

Portland Cement's AGM aborts after auditors fail to show up

Entrance to the East Africa Portland Cement factory in Athi River. PHOTO | FILE
Entrance to the East Africa Portland Cement factory in Athi River. PHOTO | FILE 

The annual general meeting (AGM) of East African Portland Cement Company (EAPCC) Friday aborted after the company’s auditors failed to show up.

The AGM, held at the company’s Club House, required the presence of the office of the Auditor-General or its appointee Deloitte East Africa to proceed.

Auditors usually confirm their opinions on a company’s accounts at such meetings where they may also be asked to respond to specific issues relating to their work.

“The company’s management was unaware that there was a change in procedure where the Auditor-General would be the one to present the audited accounts,” said Kung’u Gatabaki, a director of EAPCC.

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