What Kenya boards must learn from London Saxon Woods ruling

The unanimous decision of the UK Supreme Court in the case of Saxon Woods Investments Ltd vs Francesco Costa revealed a paradigm shift in corporate governance. Francesco Costa, chairman of Spring Media Investments Ltd, delayed the sale of the company despite a formal agreement, leading to the sale's failure after the Covid-19 pandemic. The court ruled that good faith involves both subjective belief and objective conduct, condemning concealment and disloyalty.