ADVOKS GLOBAL · KENYA
Sacco Societies Act
6. Board of the Authority
Edition: 2025-06-20 · In force
6. Board of the Authority
(1)The oversight function and management of the Authority shall vest in a Board of the Authority which shall comprise—(a)the Chairperson to be appointed by the Cabinet Secretary from amongst the members appointed under paragraph (e);(b)the Principal Secretary to the National Treasury or his representative;(c)the Commissioner or his representative;(d)the Governor of the Central Bank or his representative;(e)four members, not being public officers, appointed by the Cabinet Secretary by virtue of their knowledge, and possession of a minimum of ten years experience, in co-operative practice and management, law, finance or economics; and(f)the chief executive officer appointed under section 12.(2)A member of the Board appointed under subsection (1)(e) shall hold office for a term of three years and shall be eligible for re-appointment for one more term of up to three years.(3)The members of the Board appointed under subsection (1)(e) shall be appointed at different times so that the respective expiry dates of their terms shall fall at different times.(4)A person shall not be qualified for appointment as a member of the Board, if that person is—(a)a Member of Parliament or a County Assembly;(aa)one who does not meet the requirements of Chapter Six of the Constitution;(b)a director or employee of a Sacco society or of a co-operative society;(c)auditor of a Sacco society or of co-operative society; and(d)a person who is prohibited from being a director or to take part in the management of a cooperative or financial institution by the Commissioner under the Co-operative Societies Act (Cap. 490) or by the Central Bank of Kenya respectively.(5)A member of the Board appointed under subsection (1)(e) may be removed from office by the Cabinet Secretary, if that member—(a)accepts any office the holding of which, if he were not a member of the Board, would make him ineligible for appointment to the office of a member of the Board;(b)fails to discharge the functions of his office whether arising from infirmity of body or mind or any other cause;(c)conducts himself in a manner not befitting a member of the Board; and(d)becomes subject to any disqualification set out in subsection (4)(d).(6)A member of the Board appointed under subsection (1)(e) may resign office by giving a fourteen days notice to the Cabinet Secretary.