About KWAL Investors
Distell is a world renowned South African Company and is Africa’s leading producer and marketer of spirits, fine wines, ciders and ready-to-drinks (RTDs). Distell has an annual turnover of over Ksh. 110 billion;More about Distell
Kenya Wine Agencies Limited (KWAL) is owned by KWA Holdings E.A. Limited (KHEAL). KHEAL the parent Company of the KWAL group of companies has shareholding as follows:
- Distell –55.37%
- ICDC – 43.77%
- Others – 0.86%
The Board has three standing committees as follows:
- Board Audit and Risk Committee
- Board Finance and Strategy Committee
- Board Nomination, Remuneration and Governance Committee
Board Nomination, Remuneration and Governance Committee
The mandate of the BNRGC covers, inter alia, recruitment and selection, corporate governance, remuneration and board evaluation.
Board Audit and Risk Committee
The mandate of the BARC covers responsibilities for external audit, financial statements, internal control, internal audit, risk management, compliance and information technology governance.
Board Finance and Strategy Committee
The broad mandate of the BFSC covers leadership in the formulation, development and implementation of the overall corporate Strategic Plan of the Company and periodic reviews thereof, critical review of the Company’s detailed annual departmental Business Plans (which will include the budgets and Procurement Plans) and recommending the same to the Board for approval, monitoring and critical review of the operational, investments’ and financial performance of the Company against key performance indicators, identifying shortcomings and ensuring corrective measures/actions are taken.