ADVOKS GLOBAL · KENYA
Industrial and Commercial Development Corporation Act
5. Alternate directors
Edition: 1967-04-14 · In force
5. Alternate directors
(1)Subject to the approval of the Minister, a director shall have power to appoint either another director or any person approved by the other directors, or by a majority of them, to act as an alternate director in his place during his absence or his inability to attend any meeting, and may at his discretion remove that alternate director:Provided that no director or person shall at one and the same time act as alternate director in place of more than one director.(2)An alternate director shall, whilst so acting (except as regards remuneration and the power to appoint an alternate director), be subject in all respects to the provisions of this Act relating to directors, and each alternate director shall, whilst so acting, exercise and discharge all the functions, powers and duties of his appointor in his appointor’s absence.(3)A director acting as alternate director shall have an additional vote for the director for whom he so acts.(4)An alternate director shall cease to be an alternate director whenever his appointor ceases for any reason to be a director.