Nairobi stock exchange does not meet the international best standards and practices for sound corporate gorvanance requirementswhy?

The Nairobi Stock Exchange (NSE) faces challenges in meeting international best standards for corporate governance primarily due to issues such as limited regulatory enforcement, lack of transparency, and inadequate disclosure practices among listed companies. Additionally, there is often insufficient institutional investor participation and a lack of robust frameworks for accountability and ethical conduct. These factors hinder the development of a corporate governance culture that aligns with global practices, resulting in reduced investor confidence. Addressing these issues requires comprehensive reforms and increased commitment from stakeholders to enhance governance standards.