ADVOKS GLOBAL · KENYA
The Capital Markets (Corporate Governance) (Market Intermediaries) Regulations
9. Board charter
Edition: 2022-12-31 · In force
9. Board charter
(1)In order to discharge its responsibilities, the board shall prepare and write a charter that—(a)confirms its responsibility for the adoption of strategic plans, monitoring the operational performance, the determination of policy and processes that ensure that the integrity of the market intermediary’s risk management and internal controls;(b)reserves specific powers to itself and delegates other matters to the management of a market intermediary;(c)provides a corporate code of conduct that addresses conflict of interest, relating to directors and management, which shall be regularly reviewed and updated as necessary; and(d)identifies key risk areas, that require regular monitoring.(2)The board may develop a code of conduct for the directors, management and staff that addresses all the issues set out in the code of conduct set out in the Schedule or adopt the code of conduct set out in the Schedule.