The Capital Markets Authority
Corporate Governance Guidelines 2002
Current Constitution of Kenya
The Central Depositories (Regulation of Central Depositories) Rules 2004
The Capital Markets (Securities) (Public Offers Listing and Disclosure) Regulations 2002
The Capital Markets (Take overs and Mergers) Regulations, 2002
The Capital Markets (Foreign Investors) Regulations 2002
The Capital Market (Licensing Requirements) (General) Amendment Regulations 2009
Capital Markets (Registered Venture Capital Companies) Regulations 2007
Code of Ethics
This is the portion of a company’s profit after tax that is allocated to each ordinary share. It is calculated by dividing the net profit by the number of ordinary shares. It serves as an indicator of the company’s profitability and is considered the single most important variable in determining a share’s price..
A proxy is an agent legally authorized to act on behalf of a shareholder during meetings of the company and to vote on his behalf..
This is an illegal activity where a stockbroker buys or sells shares in his/her own name while taking advantage of advance knowledge of pending orders from his customers. Example; if a stockbroker buys himself 10,000 shares of a company just before he buys 1,000,000 shares of the same company for his client..
This is when two companies, previously independent of one another, combine to form a new company..
This is holding securities that are not hedged against market risk. Both the potential risk and reward is high. It is rarely a concern for smaller investors but is usually a major concern for large investors..