East African Portland Cement annual general meeting cancelled after auditors fail to attend

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Kenya: The annual general meeting of the East African Portland Cement company has been cancelled following the non-attendance of the company’s auditors. The meeting requires the presence of the office of the Auditor-General or its appointee Deloitte East Africa to proceed, according to the Business Daily newspaper. The management was unaware that the procedure had changed a company director said. The meeting has been rescheduled for 3 February 2017. The cement producer has a poor corporate governance record following the accusation of its chief executive of sexual harassment and reports of theft of stock in late November 2016, among other incidents.

URL: https://globalcement.com/news/item/5738-east-african-portland-cement-annual-general-meeting-cancelled-after-auditors-fail-to-attend

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