Engendering good corporate governance in the Kenyan banking sector: an examination of the limits of law
Obonyo, Moses Buyuka
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Over the course of the past decade corporate governance has grown in importance across the institutional landscape. We have witnessed heightened expectation from stakeholders on matters of credibility and accountability from those charged with the management of institutions. This practice is exemplified in the banking sector with the populace demanding more stringent controls to ensure that the custodians of their funds are held to the highest standards of accountability. However, regardless of the enforcement of rules and principles of corporate governance in the banking sector, there have been visible cracks in the area of enforcement, which have led to several bank failures. The resultant effect of this is the loss of billions of shillings in depositor funds. This paper aims to explore corporate governance in the Kenyan banking sector with a focus on the limits of the law in its enforcement.