ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
12. Meetings of Board
Edition: 2026-07-24 · In force
12. Meetings of Board
(1)The Chairperson shall convene meetings of the Board not less than once in every two months, or whenever the business of the Bank so requires, or whenever he is so requested in writing by at least three directors.(1A)The Chairperson shall preside at all meetings of the Board.(1B)In the absence of the Chairperson at a meeting, the members present shall elect one of the members appointed under paragraph (d) of section 11(1) to preside at that meeting of the Board.(1C)The directors appointed under section 11(1)(d) shall elect one from amongst their number to preside at the meetings of the Board until a Chairperson is appointed.(2)A quorum for any meeting of the Board shall be the Chairperson, the Governor and three directors.(3)Decisions of the Board shall be adopted by a majority of the votes of those present at that meeting, and in case of an equality of votes Chairperson or the person presiding at the meeting shall have a second or casting vote.(4)The validity of any proceedings of the Board shall not be affected by any vacancy in the membership of the Board, or by any defect in the appointment or disqualification of any member which is discovered subsequent to those proceedings.(5)A director who is interested in any matter involving the Bank, or in the exercise or proposed exercise by the Bank of a power, shall declare that interest at every meeting of the Board at which that matter or the exercise or proposed exercise of the power, is considered by the Board, and the director shall not be entitled to attend and vote, or be counted in a quorum present, at a meeting at which the matter or the exercise or proposed exercise of the power in which the Director has interest is considered.