ADVOKS GLOBAL · KENYA
Industrial and Commercial Development Corporation Act
4. Constitution of Corporation
Edition: 1967-04-14 · In force
4. Constitution of Corporation
(1)The Corporation shall consist of a chairman and not less than five nor more than nine other directors, all of whom shall be appointed by the Minister from among persons appearing to him to have had experience and shown capacity in industry, trade or administration.(2)Every director of the Corporation shall hold and vacate his office in accordance with the terms of his appointment and shall, on ceasing to be a director, be eligible for reappointment:Provided that a director may at any time by notice in writing to the Minister resign his office.(3)All appointments under this section shall be made by the Minister after consultation with the Corporation.(4)The validity of any proceedings of the Corporation shall not be affected by any vacancy amongst the directors or by any defect in the appointment of a director.(5)If the chairman of the Corporation ceases to be a director he shall also cease to be chairman.(6)If the Minister is satisfied that any director—(a)has become bankrupt or has made an arrangement with his creditors; or(b)is incapacitated by physical or mental illness; or(c)has been absent from meetings of the Corporation for a period longer than three consecutive months without the permission of the Corporation; or(d)is otherwise unable or unfit to discharge the functions of a director, or is unsuitable to continue as a director,the Minister may remove him from his office as a director.