The Companies Act, 2015 (the “Act”) in Section 142-147 has outlined the various duties of directors as below;
Legal compliance audits are an essential aspect of any organization’s risk management process. The objective of these audits is to ensure that an organization is complying with all applicable legal and regulatory requirements.
A trust is an equitable obligation binding trustees to deal with assets over which they have control (Trust assets) for the benefit of persons (beneficiaries) whom they manage for, and in accordance with the terms of the Trust deed in the manner prescribed.
Trust law in Kenya is predominately based on English common law, which recognizes the ordinary trust with a settlor, trustee, and beneficiary relationship.
