KPC Union Petitions CMA Over CEO Recruitment Process
NAIROBI, Kenya, May 21-The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority over what it terms as corporate governance Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority (CMA) regarding alleged corporate governance irregularities at the Kenya Pipeline Company (KPC), specifically concerning the recruitment of its Managing Director.
- The union argues that the KPC board may lack the mandate to oversee executive appointments following the company's transition from a public to a private entity.
- Key organization involved: Kenya Petroleum Oil Workers Union petitioning the Capital Markets Authority and Kenya Pipeline Company.
- The union is requesting the CMA to investigate the recruitment process's legality and consider deferring the exercise until the board is properly reconstituted.
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KPC Union Petitions CMA Over CEO Recruitment Process - May 2026
The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority regarding alleged corporate governance irregularities at the Kenya Pipeline Company, specifically concerning the recruitment of its Managing Director. Adan Mohamed has been appointed Commissioner General of the Kenya Revenue Authority, signaling a new direction emphasizing economic understanding over purely tax administration. A Kenyan Member of Parliament is proposing significant cuts to fuel taxes and levies in an effort to lower pump prices and alleviate cost of living pressures.
