Kenyas Top 100 Mid-Sized companies attended a breakfast forum at Strathmore Business School. The event which was sponsored by Standard Chartered Bank- A partner of 100 Mid-Sized companies from the banking sector brought together the top medium sized businesses in Kenya. The topics of discussion were business unusual, corporate governance and enterprise risk management.
In his discussion on business unusual, Eng. Patrick Obath, Chairman – Kenya Private Sector Alliance (KEPSA) enlightened those present that though the business field is dynamic and sometimes unpredictable, business owners should always be optimists and invest. This was backed up by his emphasis that the re-occurrence of the catastrophic happenings in Kenya after the 2007 elections was very improbable. The Engineer culminated by a discourse on business ethics whereby he encouraged companies to place maximum value on their employees and help them splint to their full capacities either within or outside the organisation. This, he claimed, would help in development which would be replicated to the organisations either as investors, customers or partners. The head of Audit for East Africa at Standard Chartered, Mr. David Mwindi spoke on corporate governance and risk management in organisations. In his highly educative speech, Mwindi pointed out that companies should maintain equilibrium between saving and investing and at the same time take informed risks.
The speakers emphasized on the need to capitalize on hard times and referred in a humorous manner to the Chinese, whose word for crisis is opportunity. Robert Onyango, Project Manager-Top 100 Midsize companies and Senior Manager at KPMG concluded the session with important information about the ongoing Top 100 Midsize companies survey. He further gave some of the upcoming major business events to look out for such as; Launch of Top 100 in Rwanda in June, the SBS forum in August and the Top 100 Gala dinner in October.
Sponsored by Sage Pastel, NSE, KPMG, Nation Media Group, Standard Chartered and SBS as the knowledge partner, Kenyas Top 100 Mid-sized Companies survey deals with the identification of the prime companies in the region. It is meant to target the growing businesses in the region in a bid to encourage better improved output and competition among entrepreneurs. To facilitate identification of the Top 100 companies, survey participants are required to submit data on seven financial indicators. Other characteristics sought include their business confidence outlook, talent management policies, involvement in corporate social responsibility, and the role played by innovation in their operations.