NSE firms bank on information access to monitor governance

By November 20, 2013News
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Directors of firms listed on the Nairobi Securities Exchange are turning to technology to monitor and enhance corporate governance.

CIC Group Insurance has joined four other Nairobi bourse-listed firms, including KCB, Equity Bank, KenGen and Kenya Re in implementing the eBoard solution.

The system provided by Software Technologies Limited (STL), allows boards to access information like company reports, minutes and agendas in a digital format anywhere and at any time so that critical information is available to the directors at the click of a button.

“This solution allows all the board members to access detailed information relating to board activities,” said Jyoti Mukherjee, the chief executive of STL, by telephone.

eBoard offers increased transparency to directors on how companies are running at a time when there is great emphasis on corporate governance.

“There has been improved transparency, compliance and implementation of issues raised during board meetings. Minutes are sent to all members immediately and can be accessed even through tablets.”

This follows growing use of new media like tablets and smartphones by executives in the Kenyan corporate scene. Most managers subscribe to the mobile office—keeping tabs on their businesses via mobile devices.

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