Government Owned Enterprises Act

34. Financial transparency

Edition: 2025-11-27 · In force

34. Financial transparency

The Board shall ensure that the Government Owned Enterprise keeps financial records that—

(a)correctly record and explain its transactions and financial position and performance;

(b)enable financial statements to be prepared and audited; and

(c)clearly identify and disclose any transactions undertaken by the Government Owned Enterprise with any director or their close relatives, either directly or indirectly and comprising a pecuniary or non-pecuniary benefit through a company or other business established by such director.

← Previous provision Next provision →

Source: Kenya Law