Wgu Executive Summary

NSE has 63 listed companies with four market segments namely: the main investment market segment, the alternative investment market segment, the growth and enterprise market segment and the real estate investment trust. The main investment market segment is for companies with fully paid up capital of sh. 50 million and net assets of sh. 100 million while the alternative investment market segment is designed to assist medium sized companies that require access to capital and public platform to continue growth. The growth and enterprise market segment provides an opportunity for small and medium sized companies to list within a regulatory environment designed specially to meet their needs and the real estate investment trust (REITS) has two sub-segments;

Business Round table (an association of executive officers of leading companies) releases its updated principles regularly. Concerning board size, the principles emphasize the need for publicly owned companies to consider nature, size and complexity and stage of development in determining board size. Even then, small boards are considered more cohesive and work more efficiently than larger ones. Board independence is critical and substantial majority of the board’s directors should be independent. Every publicly owned corporation should have an audit committee of at least three members who should all be independent directors.
The organization for economic cooperation and development (OECD) principles of corporate governance of 1999 recommend majority of board of directors to be independent; a majority of board members should not be employed or be closely related to the company or its management. There should be an audit committee with a minimum number or composed entirely of non-executive