Nation | by Peter Mburu
When minority shareholders of Express Kenya and Unga Group Plc halted takeover attempts in 2018, they marked a turning point in the running of corporates in Kenya, after many years of dominant shareholders forcing through virtually every policy decision.
Many investors had watched helplessly as their money went down the drain because of poor decisions by dominant shareholders but the Companies Act established in 2015 and amended in 2017 came to their rescue.
Fast forward to 2020 and Kenya is ranked the best globally in protecting minority shareholders…
