The Capital Markets (Commodity Markets) Regulations

10. Board of the commodities exchange

Edition: 2022-12-31 · In force

10. Board of the commodities exchange

(1)A commodity exchange shall have a board responsible for the overall leadership, governance and strategic direction of the commodities exchange.

(2)The board of a commodities exchange shall comprise of the—

(a)chairperson;

(b)chief executive of the commodity exchange; and

(c)executive and non-executive directors with at least one third of the members of the board being independent directors.

(3)The non-executive and independent directors shall be persons who have knowledge and experience in commodity exchanges, and corporate governance and shall represent the interests of investors and the public interest.

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Source: Kenya Law