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Kenya Re - 2018 and beyond
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 5/2/2018 Posts: 267
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Spikes wrote:obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later. The judgement is an indictment on David Kemei, the chairman. He should fall casualty of Mwarania's reinstatement; with such errors of judgement, he won't last long here even if the latter doesn't return.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Superprime1 wrote:Spikes wrote:obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later. The judgement is an indictment on David Kemei, the chairman. He should fall casualty of Mwarania's reinstatement; with such errors of judgement, he won't last long here even if the latter doesn't return. Handshake manenos and plus he's arap singh guy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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VituVingiSana wrote:Ericsson wrote:murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-  tena umerudi nyumbani...these GoK firms will batter you to pulp.
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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wukan wrote:VituVingiSana wrote:Ericsson wrote:murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/- tena umerudi nyumbani...these GoK firms will batter you to pulp. #BringMwaraniaBack  This is my only GoK holding. I have been beaten black and blue on other GoK firms esp KQ. You can see the situation in most firms GoK runs or has significant managerial influence. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kenya Re Commercial Mortgage Scheme allows members of the public to acquire homes of their choice at an affordable interest rate of 14% per annum. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:wukan wrote:VituVingiSana wrote:Ericsson wrote:murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/- tena umerudi nyumbani...these GoK firms will batter you to pulp. #BringMwaraniaBack This is my only GoK holding. I have been beaten black and blue on other GoK firms esp KQ. You can see the situation in most firms GoK runs or has significant managerial influence. Kenya Re behaves like a monkey but I am afraid of dumping it then seeing it zoom over 30. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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sparkly wrote:VituVingiSana wrote:wukan wrote:VituVingiSana wrote:Ericsson wrote:murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/- tena umerudi nyumbani...these GoK firms will batter you to pulp. #BringMwaraniaBack This is my only GoK holding. I have been beaten black and blue on other GoK firms esp KQ. You can see the situation in most firms GoK runs or has significant managerial influence. Kenya Re behaves like a monkey but I am afraid of dumping it then seeing it zoom over 30. The bus has departed. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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https://www.businessdail...9768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board Board boxed by Mau tingz.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board Board boxed by Mau tingz. Even the Judiciary is being revisited.. Hapa ni kukaa kimya
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board David kemei should then resign as board chair immediately. Towards the goal of financial freedom
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Rank: Member Joined: 5/2/2018 Posts: 267
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Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board David kemei should then resign as board chair immediately. Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!): PUBLIC ANNOUNCEMENTThe Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision. We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times. By Order of the Board Charles Kariuki
Corporation SecretaryI think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania? He needs to leave and let KenyaRe make value for "customers and other stakeholders"!
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Superprime1 wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board David kemei should then resign as board chair immediately. Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!): PUBLIC ANNOUNCEMENTThe Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision. We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times. By Order of the Board Charles Kariuki
Corporation SecretaryI think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania? He needs to leave and let KenyaRe make value f or "customers and other stakeholders"! True superprime Chairman and the Company Secretary wasting the company's funds placing the advert Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Superprime1 wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board David kemei should then resign as board chair immediately. Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!): PUBLIC ANNOUNCEMENTThe Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision. We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times. By Order of the Board Charles Kariuki
Corporation SecretaryI think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania? He needs to leave and let KenyaRe make value for "customers and other stakeholders"! Appeal yet to be filed at the court's,the chairman is weighing his options whether he has a strong case Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:Superprime1 wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board David kemei should then resign as board chair immediately. Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!): PUBLIC ANNOUNCEMENTThe Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision. We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times. By Order of the Board Charles Kariuki
Corporation SecretaryI think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania? He needs to leave and let KenyaRe make value for "customers and other stakeholders"! Appeal yet to be filed at the court's,the chairman is weighing his options whether he has a strong case His case is very weak.Kenya Re has done well under Mwarania. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later. Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Spikes wrote:obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later. Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road Wangusi at CAK is an example where courts returned someone to work Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Spikes wrote:obiero wrote:Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward @ Obiero have you sworn by your appendix that it'll happen? And then we thank you later. Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road Wangusi at CAK is an example where courts returned someone to work His was a suspension, not dismissal https://www.the-star.co....er-unfair-staff_c1697438
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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24th August Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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