Safaricom Formalizes Vodacom’s Governance Rights While Preserving State Safeguards

Safaricom shareholders have approved 14 special resolutions that formally align the company’s governance framework with Vodacom’s majority ownership following the completion of the group’s acquisition that lifted its stake to about 55%. The Safaricom special resolutions amend the company’s Articles of Association to define how directors are appointed, how the Chief Executive Officer is selected, … The post Safaricom Formalizes Vodacom’s Governance Rights While Preserving State Safeguards appeared first on TechTrendsKE .

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