ADVOKS GLOBAL · KENYA
The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019
19. Chief executive officer
Edition: 2022-12-31 · In force
19. Chief executive officer
(1)Every mortgage refinance company shall have a chief executive officer who shall be appointed by the board, with the approval of the Bank, on such terms and conditions of service as shall be provided in the instrument of appointment.(2)A chief executive officer shall be a member of the board.(3)A person shall not be appointed as a chief executive officer of a mortgage refinance company unless that person has at least five years' experience in banking business, economics, law or finance at senior management level with experience in microfinance practices or such other conditions as may be determined by the board.(4)Where the chief executive officer resigns or is removed from office, the Board shall report to the Bank within seven days of such resignation or removal.