ADVOKS GLOBAL · KENYA
Nairobi International Financial Centre Act
14. Chief Executive Officer
Edition: 2022-12-31 · In force
14. Chief Executive Officer
(1)There shall be a Chief Executive Officer of the Authority who shall be competitively recruited and appointed by the Cabinet Secretary on the recommendation of the Board.(2)The Chief Executive Officer shall serve on such terms and conditions of employment as the Board may, in consultation with the Cabinet Secretary, determine.(3)A person qualifies to be appointed as the Chief Executive Officer if that person—(a)holds a degree from a university recognized in Kenya;(b)has at least ten years' experience at a senior management level in—(i)banking, insurance or capital markets;(ii)finance or economics;(iii)corporate or financial services law; or(iv)such other field that is relevant to the functions of the Authority;(c)has relevant experience in the development of the financial services sector; and(d)meets the requirements of Chapter Six of the Constitution of Kenya.(4)The Chief Executive Officer shall, subject to the directions of the Board, be responsible for the day-to-day management of the Authority.(5)The Chief Executive Officer shall hold office for a term of four years and shall be eligible for re-appointment for one further term of four years.