The core function of the Privatisation Authority is the implementation of privatization transactions. The Authority also interacts extensively with the market as it procures support services required to implement the transactions. Transactions and procurement processes are vulnerable to corrupt practices. In this respect, the Authority recognizes that corrupt practices can adversely affect its reputation and resources and its responsibility to the Kenya Public to implement transactions transparently and obtain fair value for assets being privatized. The Authority also recognizes that all its other areas of operations are also potential risk areas with respect to corrupt practices. The Authority has promulgated an Anti-corruption Policy to supplement legal provisions and other government initiatives for fighting and preventing corruption in Kenya. The policy seeks to provide a framework for efficient and effective detection and prevention of corruption at the workplace.
The Privatisation Authority believes that good governance is fundamental to the economic and social development process of the country, and hence is inherently linked to its objectives and mandate of implementing the privatization programme. The Authority also believes that the existence of a good regulatory framework provides a sound structure for the management of the Authority's resources. In this respect, the Authority's good governance approach is linked to its core values of:
This policy shall be read together with other government legislations and other papers that include: