ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
14. General disqualifications for all Board members
Edition: 2026-07-24 · In force
14. General disqualifications for all Board members
(1)No person shall be appointed as Chairperson, Governor, Deputy Governor or a Director who is—(a)a member of the National Assembly or a member of a local authority established under the Local Government Act (Cap. 265);(b)a salaried employee of any public entity (except on a secondment basis);(c)a director, officer, employee, partner in or shareholder of any specified bank or specified financial institution:Provided that—(i)paragraph (b) shall not be applicable to the representative of the National Treasury; and(ii)the President may in exceptional cases waive any of the above provisions with respect to any Director (other than the Governor or Deputy Governor) if it is in the interests of the Bank and likely to promote the objects of the Bank under section 4.(2)The President shall terminate the appointment of a Chairperson, Governor, Deputy Governor or a director who—(a)becomes subject to any of the disqualifications described in subsection (1);(b)is adjudged bankrupt or enters into a composition or scheme of arrangement with his creditors;(c)is convicted of an offence involving dishonesty or fraud or moral turpitude;(d)is adjudged or otherwise declared to be of unsound mind;(e)is absent, without the leave of the Board from three consecutive meetings of the Board;(f)becomes, for any reason, incapable or incompetent of properly performing the functions of his office:Provided that the appointment of the Governor shall not be terminated under this paragraph until the question of his removal from office has been referred to a tribunal appointed under subsection (3) and the tribunal has recommended to the President that the Governor ought to be removed for incapability or incompetence as aforesaid.(3)If the President considers that the question of terminating the appointment of the Governor under subsection (2)(f) ought to be investigated, then—(a)the President shall appoint a tribunal which shall consist of a chairman and two other members selected by the President from among persons—(i)who hold or have held office as judges of the High Court or the Court of Appeal; or(ii)who are qualified to be appointed as judges of the High Court under section 61(3) of the Constitution;(b)the tribunal shall inquire into the matter and report on the facts to the President and recommend to him whether the Governor ought to be removed.(4)Where the question of removing the Governor has been referred to the tribunal under this section, the President may suspend the Governor from the exercise of the functions of his office and any such suspension may at any time be revoked by the President, and shall in any case cease to have effect if the tribunal recommends to the President that the Governor should not be removed.