"CEOs can't wait to read Sunny Bindra's articles every week."

Next week Kenyans go to the polls again, to say yes or no to a new constitution. On Wednesday, some of us will lose and some of us will win. After Wednesday, we need to know HOW to lose and HOW to win. The recent football World Cup final was an ugly affair. The Dutch […]

I was planning to write about the World Cup this Sunday, but those parliamentarians of ours had to go and ruin everything. So you won’t get my pleasant ruminations about the world’s greatest tournament; instead you’ll receive my diatribe against the world’s most overpaid elected representatives. Like most Kenyans, I was sickened by Ghana’s tragic […]

“The latest revised UK code…states: “There should be a dialogue with shareholders based on the mutual understanding of objectives. The board … has responsibility for ensuring that a satisfactory dialogue with shareholders takes place.” But how hard companies find this basic task to be. Drowning in technical measurements – total shareholder returns, earnings per share, […]

“When Jack Krol became the lead director at Tyco International, in 2003, he developed, in conjunction with CEO Edward Breen, a document specifying his own role. With input from the board, the governance committee then developed some general characteristics of the role for whoever would succeed Krol in the future. Krol said three competencies or […]

Last Sunday Kenya changed for the worse. As we know, grenades were thrown at a rally held as part of the current constitutional review campaigns. The resulting explosions killed six Kenyans and injured scores of others. The numbers mislead us. They turn the people who died into mere statistics. Note and turn the page. But […]

The good people of the United Kingdom went to the polls last week, and a very strange outcome ensued. No party managed to garner sufficient votes to command a majority in parliament. David Cameron’s Conservative Party gained the most seats, but fell short of a majority. Prime Minister Gordon Brown’s Labour got hammered in the […]

“The first step in ‘getting on a board’ is to ask why you want to be on a board. If the answer is for self-aggrandizement or prestige, the reputational risks today far outweigh any such benefits. Similarly, if it is for financial reward, there are easier, less risky ways to make money. If it is because you have […]

“Ten years ago this month, for the Spring 2000 edition of Directors & Boards, I ran a photo on the cover of Dennis Kozlowski, then the high-flying chief of high-flyer Tyco International. It is not something I am ashamed of, nor is it something that I am particularly happy to be reminded of.  Those were certainly […]

There’s nothing like a quiet drive to aid the reflection process. Or so I thought. I embarked on a family trip to the great mountain in the heart of our country recently, and was able to think a little about the land we live in. My first set of thoughts were about our drivers. These […]

Picture the scene. The former leader of a global power is summoned to a commission of inquiry. He spends a full day there, in front of the world’s cameras. He is grilled by the commissioners on every aspect of certain decisions he made: why he did and said certain things; what he knew and did […]

“Look in the mirror. If you really don’t want your potential successor to get the job, don’t kid yourself. There is a very strong probability that this person will never get the job. You will just look for problems until you find a reason to disqualify him. Don’t jerk around potential successors. This is not […]

For the past two weeks this column has been trying to instil some hope in you, to suggest that maybe, just maybe, things will getter better for Kenya. To end the series, let me move you smoothly to a third reason for hope in 2010: our international position. If you want to understand Kenya’s role […]

2008 and 2009 were years of great gloom in Kenya. We kicked off 2008 with a bloodbath orchestrated by leaders and delivered by angry young men. Since then we have been on a tumultuous ride, facing a faltering economy, a hydra-headed leadership and a plethora of scams and scandals. The words “failed state” and “Kenya” […]

“The number of female directors on FTSE 100 boards has stalled at 131 over the past year, a report has said. Furthermore, the number of firms with female executive directors fell from 16 to 15, the Cranfield School of Management report found. There was also a “disappointing” drop in the number of boards with multiple […]

It’s not easy to be optimistic in Kenya these days, and most conversations about the future are laced with gloom. But last week brought us probably the most positive development seen in Kenya in recent times. You may have missed it, though. President Kibaki, when he left to attend a conference in Nigeria, reportedly travelled […]

It behoves every society to look ahead, to peer through the mists of time and see what might happen to it tomorrow. We often wait for bad events to occur before addressing them, yet a little anticipatory thinking might allow us to foresee them and avoid them. There is a very serious problem brewing in […]

“Jack Welch’s tenure as CEO of GE was, by any measure, phenomenally successful. But even the most remarkable CEOS are mere mortals, and bound to err from time to time. In Welch’s case, one notable blunder was his ill-fated attempt to acquire Honeywell in 2001. It was a deal fraught with risk, undertaken with little […]

Justice Aaron Ringera, erstwhile head of the Kenya Anti-Corruption Commission, quoted Shakespeare extensively during his tenure and elaborately during his prolonged departure. He is a lifelong devotee of the Great Bard, and with good reason: any lover of English must of necessity be a lover of the works of William Shakespeare. Such is his influence […]

On Nairobi’s Nyerere Avenue, you will find a most intriguing sign. It says “Children’s Traffic Park”. Inside, on this most prime of prime real estate, you will see a large, elaborate operation. It looks like a most commendable initiative: a simulated road model, complete with battery-operated cars and other road vehicles, to teach children good […]

These days, I don’t know whether to laugh or cry about the Nairobi City Council. There are reasons to do both. Let’s get the crying over with first. Was it possible to watch the recently concluded mayoral election in Nairobi and not burst into tears, even if you’re a grown man? For this process stretches […]

“It is clear that governance failures contributed materially to excessive risk taking in the lead up to the financial crisis. Weaknesses in risk management, board quality and practice, control of remuneration ,and in the exercise of ownership rights need to be addressed in the UK and internationally to minimise the risk of a recurrence. Better […]

This has been a time of being lectured and hectored by foreigners, and not many of our leaders liked it. Prime Minister Raila Odinga took umbrage at the tone and message of the American ambassador at the opening of the AGOA conference last week. He said, in no uncertain terms, that Kenya does not need […]

“Despite everyone knowing that nothing stays still, there are countless examples of no natural successor being in place for when the time comes, especially when the leader has an air of invincibility. Most potential successors will not hang around long if they do not feel there is any chance of the boss moving on. Consequently, […]

Hillary Clinton paid her much-anticipated visit to Kenya. US President Barack Obama had already signalled his unwillingness to visit his fatherland, so we knew that his redoubtable Secretary of State was the next best thing. Now, I often wonder about these visits and whether they serve any purpose other than spelling out America’s agenda in […]

“No country is going to create wealth if its leaders exploit the economy to enrich themselves, or police can be bought off by drug traffickers. No business wants to invest in a place where the government skims 20 percent off the top, or the head of the port authority is corrupt. No person wants to […]

“Kenyan shareholders may soon have to make do without the Annual General Meeting perks should a move by Safaricom be adopted by other listed companies. The mobile firm’s roster of over 800,000 shareholders – the largest number in corporate Kenya’s history – has pushed it to identify cost-cutting measures during AGMs. Chief among them is […]

“G.M.’s managers must answer to a new majority owner, the federal government, which in turn hopes to sell off its stake to other investors. Chrysler executives are learning to work with the Italian automaker Fiat, which acquired most of its assets. Ford’s top managers said they have no such worries about their controlling shareholders. “These […]

There seems to be a bit of noise in the country about the proposal to build a walkway connecting Parliament Building, Continental House and County Hall at a proposed cost of Sh 61 million. This is to allow our members of parliament to cross the road with ease as they walk between their primary workplaces. […]