ADVOKS GLOBAL · KENYA
Public Finance Management Act
195. Vacation of office and remuneration of Board members
Edition: 2026-09-25 · In force
195. Vacation of office and remuneration of Board members
(1)A member of the Accounting Standards Board, other than an ex-officio member, may—(a)at any time resign from the Board by notice in writing to the chairperson;(b)be removed from the Board if the member—(i)has been absent from three consecutive meetings of the Board without the permission of the chairperson;(ii)is adjudged bankrupt or enters into a composition scheme or arrangement with his or her creditors;(iii)is convicted of an offence involving dishonesty or fraud;(iv)is convicted of a criminal offence and sentenced to imprisonment for a term exceeding six months or to a fine exceeding one hundred thousand shillings;(v)is incapacitated by prolonged physical or mental illness or is deemed unfit to discharge his or her duties as a member of the Board; or(vi)ceases to be a member by virtue of the withdrawal of his or her nomination to the Board by the nominating institution.(2)The remuneration payable to members of the Board shall be determined by the Salaries and Remuneration Commission.