Kenyan shareholders are inadvertently contributing to the downfall of public companies through their actions as consumers and in governance, according to a new analysis. This challenges the common perception of shareholders as solely victims of corporate collapse.

• Shareholders often abandon their own companies by preferring cheaper imported goods over locally manufactured products, citing the example of Eveready East Africa Plc.
• Many shareholders exhibit apathy at Annual General Meetings (AGMs), approving documents without scrutiny and failing to hold management accountable.
• The article highlights that shareholders frequently endorse compromised individuals for board appointments, even those with integrity concerns or pending court cases, leading to destabilisation.