@obiero - 17.4% is significant when it comes to voting.

Say a director's seat is up for grabs. You have the 'government' candidate (unlike PS Treasury, which is an office, this could be a friend of kibaki, uhuru, etc). So already this chap has 17.4%

Say VVS decides to stand for the seat. I am already 17.4% behind. At KCB AGMs perhaps the total 'votes' that come in are 50% (most retail shareholders don't show up). So the GoK chap has 38.8% before he even starts!

So all he needs is a mere 7.6% to sweep the election. Some idiots will vote for him coz the chap is of the same tribe or serikali knows best!

So 50% is ideal but for most listed firms, you don't need that.

BTW, who is #2 shareholder? What %?

Ownership thoughts this Monday morning:

Though the study I quoted earlier throws bouquets of praise on foreign ownership, would you take the gamble of being associated with an indigenious business?

Over a decade ago, a poultry farmer walked from his Barclays Bank branch, crossed the street to an upstart Building Society. Many of his friends laughed at his decision, but he thought to himself:
"here is a Kenyan owned, Kenyan bred enterprise offering similar services like I am getting from a multinational."
"Although it was a risk venture, I opted to take the risk"

A black swan...

Muthoka is in kcb after how he bungled cmc.....cma should kick him out first

I was even about to dump all my shares when I heard this one..
Thanks for the clarification @muganda