Why responsibility for tax compliance rests with boards

The article cites Benjamin Franklin to emphasize that tax has become a test of corporate governance. It argues that tax transparency, compliance, and dispute management affect reputation, investor confidence, and long-term sustainability. The G20/OECD Principles (2023) and Kenya's Capital Markets Authority Code (2015) mandate accountability and disclosure. Boards that fail to oversee tax expose their organizations to risks, while companies that voluntarily disclose tax strategies gain investor confidence.