Tuesday, August 16, 2005
Results are out following the Kenya Airways director elections which were again decided by KLM (120m shares) and the Government in Kenya (106m shares), the major shareholders, who were in harmony in their voting this time. Minor shareholders (i.e. the rest of the top 10 owners) had limited impact on the outcome.
New directors in bold are:
Neil Canty: for 251m votes, against 5.6m votes (against all major shareholders for; one minor shareholder against)
Joram Kariuki for 500,000 votes, against 256m (all major shareholders against)
Ayisi Makatiani for 241m, against 15m (all major shareholders for; some minor shareholders against)
Evanson Mwaniki: for 241m, against 15m (all major shareholders for; some minor shareholders against
Chris Obura: for 15m, against 241m (1 minor shareholders for; KLM, Government & other minor shareholders against)
Japheth Rob: for 745,000, against 256m (all major shareholders against)
Lois Wambua: for 934,000, against 241m (all major shareholders against)
Also, the East African Standard has an intriguing take on the exit of former Chairman, Isaac Omolo Okero.