Schedule 1 (Sections 3)
Currency point
A currency point is equivalent to twenty thousand shillings.
Schedule 2 (Section 12)
Meetings of the board of directors
1. Meetings of the board of directors
(1)The Chairperson shall convene meetings of the board of directors who shall meet at least once every three months at such places and at such times as may be decided upon by the board of directors.(2)The chairperson or in his or her absence the vice chairperson shall preside at every meeting of the board of directors and in the absence of both the Chair person and vice chairperson; the members present shall elect from among their number, an acting chairperson.(3)The Chairperson may, at any time, convene special meeting of the board of directors.(4)with the exception of a special meeting, notice of the board of directors meeting shall be given in writing to each member at least fourteen working days before the day of the meeting.2. Quorum
The quorum for a meeting of the board of directors is five members.3. Minutes of meetings
(1)The board of directors shall cause to be recorded and kept, minutes of all meetings of the board of directors in a form approved by the board of directors.(2)The minutes recorded under this paragraph shall be submitted to the board of directors for confirmation at its next meeting following that to which the minutes relate and when so confirmed, shall be signed by the Chairperson and the Secretary to the Bureau, in the presence of the members present at the latter meeting.4. Decision of the board of directors
(1)All decisions at a meeting of the board of directors shall be by simple majority of the votes of the members present and where there is an equality of votes, the person presiding at the meeting shall have a casting vote.(2)A decision reached by the board of directors shall be binding on all members.5. Power to co-opt
(1)The board of directors may co-opt any person who, in the opinion of the board of directors, has expert knowledge concerning the functions of the board of directors, to attend and take part in the proceedings of the board of directors.(2)A person co-opted under subparagraph (1) may take part in any discussion at the meeting of the board of directors on which his or her advice is required but shall not have any right to vote at that meeting.6. Disclosure of interest of members
(1)A member of the board of directors who is in any way directly or indirectly interested in a contract made or proposed to be made by the board of directors, or in any other matter which falls to be considered by the board of directors, shall disclose the nature of his or her interest at a meeting of the board of directors.(2)A disclosure made under subparagraph (1) shall be recorded in the minutes of that meeting.(3)A member who makes a disclosure under subparagraph (1) shall not—(a)be present during any deliberation of the board of directors with respect to that matter; or(b)take part in any decision of the board of directors with respect to that matter.(4)For purposes of determining whether there is a quorum, a member withdrawing from a meeting or who is not taking part in a meeting under subparagraph (3) shall be treated as being present.7. The board of directors may regulate their own procedure
Subject to this Act, the board of directors may regulate their own procedure or any other matter relating to its meetings.