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

14. Corporate governance framework

Edition: 2022-12-31 · In force

14. Corporate governance framework

(1)A market intermediary shall establish a corporate governance framework that provides—

(a)strategic guidance of the market intermediary that promotes the effective monitoring of the management and accountability of the board; and

(b)for availability and documentation of timely and accurate information relating to the market intermediary, including its financial structure, performance, ownership and governance.

(2)The board shall review its management, operations, accounts, major capital expenditure and corporate performance at least once in every three months.

(3)The board shall review its corporate governance structure annually.

(4)The board shall document the results of the reviews conducted under paragraphs (2) and (3).

← Previous provision Next provision →

Source: Kenya Law