Boards have, since time immemorial, been regarded as an honored set of individuals who provide leadership, vision, strategic direction and indeed crystalize the collective aspirations of organizations. Top organizations have common characteristics which include strong leadership and efficient governance processes. Guided by vision, philosophy, mission, values; leadership and governance is reflected through the ability of…

On 1st September 2023, the President assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act. The Act will come into effect on 15 September 2023.  The Act amends 18 Acts of Parliament relating to AML, CTF and counter-financing of the proliferation of weapons of mass destruction in addressing deficiencies identified during the…

Whenever Enron, the Parmalat and FTX are mentioned, the thought of their stunning and rapid collapse cannot escape our minds. These were corporate giants whose dramatic collapse resulted from weak systems of corporate governance, internationally awakening the need to improve and reform corporate governance in institutions. Meaning of corporate governance Corporate governance is the system…

Stewardship entails the responsible supervision and administration of assets, aimed at serving the ultimate beneficiaries or clients of institutional investors. These institutional investors function as both asset owners and asset managers, holding equity and debt stakes in Public Listed Companies. Asset owners refer to collective investment vehicles that pool funds on behalf of their beneficiaries…

Transfer pricing enables the determination of prices for the goods and services traded among subsidiaries, affiliates, or companies under common control, all of which belong to a larger organization. Utilizing transfer pricing can result in tax benefits for corporations, although tax authorities may challenge their assertions. The requirement for transfer prices arises almost invariably when…