Taxation on Donations – Finance Act 2022/2023 People often consider tax collection as legalized robbery but despite having to pay more than is considered necessary in some instances, most citizens do comply with their tax obligations as non-compliance can lead to serious consequences. Nevertheless, due to recent changes in the law, some organizations and firms…

The Court of Appeal sitting in Nakuru have finally put this matter to rest in the case of Rift Valley Water Services Board & 3 Others v Geoffrey Asanyo & 2 Others in the Judgment delivered on 10th June 2022. Background The 1st Respondent to the above matter was appointed to serve as a board…

Professionalize your hustle today Research shows that most people living in third-world countries are middle class earners. For instance, according to the Kenya National Bureau of Statistics, the people middle-class are those who earn between Ksh 23,670 and Ksh 199,999 per month. This is proof that this group of people is not only growing but…

How do foreign companies registered outside of Kenya under the laws of other countries get permission to do business in Kenya under Kenyan law? Any company that wishes to register as a foreign company in Kenya must do so in accordance with the provisions of the Companies Act, 2015. The application must be sent to…

Governance Audit This is  an impartial review of an organization with the goal of providing an opinion on the appropriateness and efficacy of the organization’s policies, systems, and practices. It’s a value-added assurance that uses a methodical, disciplined approach to analyze and enhance the efficacy of risk management, control, and governance systems. Advantages of Governance…

An Overview of Principles for Effective Corporate Governance. It is said for any organisationt the buck stops at the top. The success of any organization squarely depends on the executives who are the policymakers in charge of the direction and day-to-day operations. This underscores the importance of corporate governance for any organization.  Corporate governance substantially…

BOARD COMMITTEES The Board offers strategic leadership and direction through regular meetings wherein strategies are determined to ensure the proper functionality of company operations. The effectiveness of the board to a large extent impacts the performance of a company. The organization may decide to use independent directors or outside expertise who may wish to form…

A paper may be the principal means by which the board fulfills its oversight responsibilities and makes decisions affecting the trust’s future direction. The challenge for board paper writers is not to provide more data or information but to create better-informed directors. So the focus should be on quality, not quantity. Therefore, writers should be…

BOARD PAPERS Board papers are a key source of information for board members and they form official records and audit trail alongside the minutes. Directors are to be informed about the matters put before them for decision. It’s not possible to comply with this duty unless they have relevant briefing material upon which to base…

Board Member Induction New board members will want to contribute to the organization as quickly as possible. A well-thought-out induction program will help them hit the ground running. The purpose of this board briefing is to help you consider what needs to be included in your induction program. The Purpose of the Induction Programme It’s…