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KEPSA
7th Floor, South Tower, Two Rivers, Limuru Rd, Nairobi.
info@kepsa.or.ke
KEPSA, in collaboration with the Global Compact Network Kenya and the Kenya Association of Manufacturers (KAM), hosted a high-level meeting on the Code of Ethics for Business in Kenya on 24 April 2024. This meeting was crucial for companies to understand their commitments under the Code and their obligations to establish robust compliance programs. The meeting also marked the launch of a new platform for the Code, a development that holds significant implications for the business community in Kenya.
The Code of Ethics for Business in Kenya is a pivotal initiative that strives to promote and enhance business ethics, aligning with the Ten Principles of the UN Global Compact in Human Rights, Labour Standards, Environment, and Anti-Corruption. It applies to private companies that expect their business partners to adhere to it. Importantly, it does not replace but rather complements the individual company code of ethics and the existing legislative frameworks, reinforcing its role in fostering ethical business practices.
In her remarks during the meeting, Ms Judy Njino - Executive Director of Global Compact Network Kenya, underscored the potential transformative impact of the Code of Ethics for Business on the fight against corruption and poor governance. She noted, "Despite the high uptake, implementing the Code’s principles has been slow due to companies lacking information, skills, knowledge, tools, and resources. The forum was designed to address these shortcomings,” she added, emphasising the importance of partnership and collaboration.
“The Code of Ethics in Kenya is intended to rally the entire business community to commit to responsible business guided by a common set of values in order to raise the standard of business in the country,” stated Mr Victor Ogalo, KEPSA Deputy CEO, during his presentation on Anti-corruption Legal Frameworks and Introduction to the Code of Ethics for Business in Kenya.
Their sentiments were echoed by Ms Mary Ngechu, KEPSA Director in charge of SMEs and Startups, who stated that with unified actions and a shared commitment, the private sector could uphold ethical values and strive for a corruption-free future that benefits businesses in Kenya. “Building a proactive environment of integrity and ethics can cultivate confidence, attract and increase investments, and drive sustainable growth for businesses in Kenya,” she said.
Other than requiring all its members to sign the code when joining, KEPSA has been actively engaging in processes and activities that steer the adoption and implementation of the code. These include legislative advocacy and compliance tools, educational programs and workshops, networking and recognition initiatives, research, and risk assessment. This comprehensive approach is designed to inform and empower companies in their journey towards ethical business practices.
Ms Miriam Bomett, Head of Legal at KAM, outlined various initiatives the association was implementing to support companies and the association in complying with and adopting sustainable business practices. She mentioned the organisation’s partnerships with the Ethics and Anti-Corruption Commission (EACC) to develop guidelines and regulations and with the Judiciary in developing a playbook on anti-corruption to address bribery and corruption practices in the country.
The event showcased a case study of successful code implementation by Lineplast Group Limited and Safaricom, a presentation on capacity-building support available to signatories, and a plenary session highlighting some emerging issues in adopting and implementing the code in Kenya.