Corporate Governance
The Company is committed to upholding the best international standards of good corporate governance.
The role of the Board is to determine the Company’s policies and strategies, to monitor the attainment of the
business objectives and to ensure that the Company meets its obligations to the shareholders. The directors are
also responsible for overseeing the Group’s internal control systems. These controls are designed both to safeguard
the Group’s assets and to ensure the reliability of the financial information used within the business.
The following were the standing Board committees in the year ended 31st December, 2021:
- Nominations and Governance Committee, which is responsible for executive and non-executive board
appointments and for overseeing the Group’s adherence to good corporate governance principles. Prof. L. Huebner
chairs the committee which has Dr. W. D. Kiboro, Mr. D. Aluanga, Mr. A. Poonawala and Mr. S. Gitagama as members.
The members of the Committee, with the exception of the Group Chief Executive Officer, are non-executive directors.
- Audit, Risk and Compliance Committee, whose responsibility is to oversee the effective administration of the Group’s
systems of internal controls, management of risk and compliance with applicable regulatory requirements as well
as review of the Group’s financial plans and reports. Mr. L. Mususa chairs the committee which has Mr. A. Poonawala,
and Mr. A. Ramji as members. The members of the committee are independent and non-executive directors.
Committee meetings attendance for the Financial year
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25.03.2021 |
23.06.2021 |
16.09.2021 |
26.10.2021 |
02.12.2021 |
| Leonard Mususa |
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| Anwar Poonawala |
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| Ali-Noor Ramji |
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- Strategy and Investments Committee, which reviews the Group’s medium and long term strategic options and
investment proposals. Mr. L. Otieno chairs the committee. The committee has Dr. Y. Jetha, Prof. L. Huebner, Mr.
S. Dunbar-Johnson, Mrs. S. Hassan, Mr. A. Ramji, Mr. S. Gitagama, Mr. D. Aluanga and Mr. R. Tobiko as members.
- Editorial Committee, which considers and advises on the Group’s editorial policy, the journalistic code of ethics
and legal responsibilities. Mr. F. O. Okello chairs the committee which has Mr. D. Aluanga, Mr. W. Mwangi, Mrs. S.
Hassan and Mr. S. Gitagama as members.
- Human Resources and Remuneration Committee, whose primary objective is to assist the Group to achieve its
goal of adhering to the best practices in Human Resources Management and Development. Dr. Y. Jetha chairs the
committee, which has Mr. A. Poonawala, Mr. L. Mususa, Mr. W. Mwangi and Mr. L. Otieno as members. The members
of the committee are independent and non-executive directors.
The Chairman of the Board is a non-executive director and is elected by the board of directors to hold office after
every three years.
There is a clearly defined organizational structure within which individual responsibilities and authority limits are set out.
The structure is complemented by policies and management operates the business in compliance with these policies.
The Group Chief Executive Officer chairs the Executive Team, which comprises the executive directors and the senior
executives of the Group. The team is responsible for implementing the strategy approved by the board and also deals
with operational matters and co-ordinates activities across the Group’s various subsidiary companies and divisions.
INSIDER DEALINGS
The board has a documented policy on insider dealings in the Company’s shares.
CORPORATE GOVERNANCE
Nation Media Group PLC is in compliance with the provisions of the Capital Markets Act- Code of Corporate
Governance Practices for Issuers of Securities to the Public, 2015. Over one third of the Board of Directors are
independent and non-executive directors. The membership of the various board committees is listed above.