As a way of mitigating against risk and providing assurance to the shareholders that their interests are kept at the forefront always, ACL has come up with the following risk mitigation avenues:-
Competent Board of Directors –
For an individual to become a member of the ACL Board of Directors, one has to be a person of high integrity with a proven track record in the finance industry. A six month probation before admission before full admission to the ACL Board is required.
Robust Investment Policy –
This provides a clearly written down guidepost on how investment decision are made and executed.
Assets are held by a custodian –
All assets acquired by ACL are held by a Capital Markets Authority and Central Bank of Kenya licensed financial institution.
Audited Accounts –
Accounts are audited annually and presented to shareholders.
Third party Written Independent professional –
To advice for all investments decisions made.
Regular communication to shareholders through: –
- Monthly “e-shot” from the ACL Board of Directors,
- Quarterly founder members’ meeting,
- Bi-Annual briefing meeting for all ACL shareholders,
- Annual General Meeting for all shareholders.