ADVOKS GLOBAL · KENYA
Agricultural Finance Corporation Act
7. Procedure of Board
Edition: 2022-12-31 · Repealed
7. Procedure of Board
(1)If the Chairperson is absent from a meeting of the Board, the deputy Chairperson shall act as Chairperson at that meeting.(2)Three Directors who include the Chairperson or the deputy Chairperson shall constitute a quorum at any meeting of the Board, and all acts, matters or things authorized or required to be done by the Board shall be effected by resolution passed by a majority of the Directors present and voting at a meeting at which a quorum is present.(3)At every meeting of the Board, the Chairperson, or in his absence the deputy Chairperson, shall have a casting vote in addition to his deliberative vote as a Director.(4)All orders, directions and decisions of the Board shall be made, given and notified under the hand of the Chairperson or deputy Chairperson, or of the General Manager if he is so authorized by the Board.(5)Minutes of the proceedings of every meeting of the Board shall be regularly entered in a minute book, and the book shall be kept so as to show proper tabulated details of the business conducted or transacted at each meeting.(6)The minutes of the proceedings of each meeting shall be placed before the next ensuing meeting and, if then passed as correct, shall be confirmed by the signature of the person who presided at that meeting, and when so confirmed shall be prima facie evidence in all proceedings of the matter recorded in the minutes.(7)Subject to this Act and to any general or specific directions of the Cabinet Secretary, the Board shall regulate the procedure at its meetings as it considers proper.