ADVOKS GLOBAL · KENYA
Kenya Fishing Industries Corporation Order
9. Powers of the Board
Edition: 2022-12-31 · In force
9. Powers of the Board
The Board shall have all the powers necessary for the proper performance of the functions of the Corporation and, in particular, the Board shall have powers to—(a)administer the property and funds of the Corporation in a manner and for the purposes which shall promote the interests of the Corporation but the Board shall not charge or dispose of immovable property of the Corporation except in accordance with the Public Procurement and Asset Disposal Act (Cap. 412C);(b)receive on behalf of the Corporation, donations, endowments, gifts, grants or other moneys and make disbursements there from to the Corporation or other bodies or persons;(bb)establish subsidiaries as wholly owned government entities or through joint ventures with other local or foreign entities within or outside the country.(c)enter into association with such other bodies or organizations within or outside Kenya as it may consider desirable or appropriate and in furtherance of the purposes for which the Corporation is established;(d)open a banking account or banking accounts for the funds of the Corporation;(e)invest any moneys of the Corporation not immediately required in furtherance of its objects;(f)appoint, train, discipline, remove and make provision for the welfare of members of staff of the Corporation;(g)determine the provisions to be made for capital and recurrent expenditure and for the reserves of the Board; and(h)undertake any other activities as may be necessary for the performance of its functions and the attainment of the purposes of the Corporation.