The Capital Markets (Corporate Governance) (Market Intermediaries) Regulations

10. Accountability and responsibility

Edition: 2022-12-31 · In force

10. Accountability and responsibility

(1)The board shall be responsible and accountable for the performance and conduct of the business of the market intermediary.

(2)The board shall keep and maintain a schedule of the matters reserved for its decision and ensure that it directs and controls.

(3)The board shall not be discharged from its duties and responsibilities for matters or authority delegated to committees of the board or to the management of a market intermediary.

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Source: Kenya Law