Only 12 listed firms on NSE have investor relations officers
An electronic board displaying market data. The investor relations department's role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings Plc, Nairobi Securities Exchange Plc , Kenya Re and East African Breweries Ltd.
The investor relations department is a division of a business, usually a public company, whose job is to provide investors with an accurate account of company affairs in order to help private and institutional investors make informed decisions on whether to invest in the company
