2011-07-26

Guidance Note On Holding Of Board Meetings Through Video Conferencing

The Central Bank of Kenya has issued a guidance note to commercial banks and financial institutions on holding board meetings through video conferencing. The note sets out minimum requirements, including formulating documented policies and procedures, ensuring physical and video conferencing meetings are balanced, and obtaining shareholder approval. The role of the board secretary in organizing and minuting meetings is emphasized, with detailed guidelines provided for meeting procedures and quorum requirements. Institutions are responsible for formulating effective meeting policies, and this note provides supplemental guidance to the Companies Act.

Kenya

Central Bank of Kenya

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