Traction School of Governance; Promoting Excellence in Corporate Governance

Bernard Kiragu, Managing Partner at Scribes Services

Bernard Kiragu, a Managing Partner at Scribes Services, is a man who is passionate about corporate governance and ethical standards for overall organization success. As an MD, he has partnered with firms like International Finance Corporation to facilitate workshops for Directors and executive staff of companies for efficient service. With the setting up of Traction School of Governance, Scribes Services seeks to impart business executives with new skills, knowledge and competencies in order to remain relevant and meet the growing expectations of their practice. In an interview with the StartUp Magazine, Mr Kiragu shares his motivation and hope for the school.

Briefly, tell us a brief history about Scribes Services and its mandate?

Scribe Services is a leading corporate services firm, duly registered in Kenya in accordance with the provisions of the Registration of Business Names Act, Cap 499.

The company prides itself in offering dedicated attention to detail in the provision of the whole spectrum of corporate secretarial support, corporate governance and compliance as well as advisory and training.

The story of Scribe Services began in pre-independence Kenya with a firm then known as Angus Lawrie Jeremy & Company, which provided company secretarial and accounting services.

Previously the Company Secretarial division at KPMG, Scribe Services continues to provide Company Secretarial services to a large client base across diverse sectors.

We boast of a tradition of excellent service delivery during our long and exciting history of providing world-class corporate support services to a varied clientele.

In the year 2017, Scribe Services signed an agreement with the International Finance Corporation (IFC) for provision of Governance Training and Advisory services to listed entities on the requirements of the Corporate Governance Code, 2015.

What is the motivation behind Traction School of Governance?

The growing demand for Governance practitioners has led to a shortage of qualified personnel. This demand is forecast to continue growing into the foreseeable future.

It is against this backdrop that Traction School of Governance was set up.

I would urge more aspiring governance practitioners to register for and pursue the CS qualification.

What courses or programmes will you offer at the school?

The school will initially offer Certified Secretaries (CS), Certified Public Accountants (CPA) and Accounting Technician Diploma (ATD) courses currently examined by the Kenya Accountants and Secretaries National Examinations Board (KASNEB). We are also in discussions with other examiners and will be introducing Certificate and Diploma courses in Corporate Governance.

The courses offered will be tailor-made and taught by expert practicing industry practitioners with ability to infuse hands-on experiences.

What is your competitive edge?

We are currently the only college offering a dedicated CS stream for fulltime, part time and online/distance learning modes of study.

What is the importance of good corporate governance towards the success of a company?

Good governance skills help the Directors and Executives to monitor keep the management team in check while protecting the investors’ interests at large.

The knowledge on setting ethical standards of operation forms a fundamental yardstick that ensures the structures in place promote the financial fidelity of the company.

What will be the future of companies if good corporate governance is achievable?

Better returns definitely. When the financial fidelity is ensured, companies will automatically stand a better chance of attracting capital as well as better business prospects.

Any other thing you have been doing lately?

Yes. We have and continue to organize successful short-term trainings for Directors and Top Management on corporate governance in partnership with the International Finance Corporation (IFC).