Nairobi, June 3 -- Diversified trading firm Car and General (C&G) is set to scrap its dormant employee share ownership plan (Esop) as it considers an alternative remuneration scheme to motivate its staff.

The Nairobi Securities Exchange-listed firm formalised the share ownership plan in 2014 but has not implemented it, with the company now set to terminate it at its annual general meeting on June 23, 2026.

"We are terminating the Esop for two reasons: it has never been implemented and we also believe we have better alternative incentive schemes for our employees," said Vijay Gidoomal, the chief executive at C&G.

Mr Gidoomal added that the company is yet to determine the specifics of an alternative remuneration scheme, noting that there...