Vipingo Ridge Limited Shareholders have approved the procedural removal of Alastair Cavenagh as a member of the Board of Directors and a director of the company.
The company says the decision was arrived at at a properly convened meeting of shareholders and according to the company’s corporate governance policy.
Vipingo added that the decision also strictly adhered to the relevant company laws in Kenya, and in accordance with their duty to safeguard its integrity and values.
Confirming the decision by the shareholders, Vipingo Ridge Board Chairman Trevor Finn expressed the firm’s appreciation to Cavenagh for the service he offered to the company.
Finn intimated that the premier lifestyle and golfing development company located in the coastal county of Kilifi is upscaling its corporate development and governance plans,
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“As part of the Vipingo Ridge corporate growth strategy, plans are underway to enhance our service offering and expand amenities while continuing to modernize operations,” said Finn.
He added: “Our talent development and focus on balancing the needs of our stakeholders remain key to the growth of Vipingo Ridge. We are also enhancing our community relations alongside ongoing environmental conservation and sustainability efforts.”
The development hosts the first PGA-branded 18-hole championship golf course in East Africa and offers a blend of world-class leisure, real estate, and holiday experiences.
