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The Government of Denmark, represented by its Ambassador to Kenya H.E. Ole Thonke has restated its commitment to support Green Trade and the fight against COVID-19 in the East African region. The Ambassador reinstated this during a signing ceremony of twin Financial Agreements worth Ksh.1.19 billion (USD 17.5 million).
The funding will be channeled through TradeMark East Africa (TMEA), a leading Aid for Trade organization renowned for partnering with Eastern African governments to reduce barriers to trade through automation and adoption of sustainable physical infrastructures such as One Stop Border Posts (OSBPs), ports, among others.
In the two agreements, Ksh. 1.59 million (USD 14.5 million) will support Kenya’s efforts to transition to Green Trade and creating sustainable jobs under the Denmark and Kenya Strategic Framework for 2021 to 2025. The second agreement, about Ksh. 330 million (USD 3 million) will support continued response to COVID-19 under TradeMark East Afr
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Sarbanes-Oxley Act (Sarbox, SOX)
Purpose: Enacted in 2002, the Sarbanes-Oxley Act is designed to protect investors and the public by increasing the accuracy and reliability of corporate disclosures. It was enacted after the high-profile Enron and WorldCom financial scandals of the early 2000s. It is administered by the Securities and Exchange Commission, which publishes SOX rules and requirements defining audit requirements and the records businesses should store and for how long.
To whom it applies: US public company boards, management and public accounting firms.
Key points for CISOs: SOX places requirements around maintaining integrity and availability of financial data, and controls for who has access to that data. Specific rules need to be in place for:
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