case against listing in nairobi stock exchange

NAIROBI STOCK EXCHANGE LIMITED

MANAGEMENT
&
MEMBERSHIP
RULES

CONTENTS
INTERPRETATION .................................................................................. 3
DEFINITIONS .......................................................................................... 4
MANAGEMENT ....................................................................................... 8
1.

The Board ......................................................................................... 8

2.

Committees....................................................................................... 9

3.

Proceedings of Committees ............................................................ 14

4.

The Chief Executive........................................................................ 16

5.

Board and Committee Members Allowances .................................. 17

6.

Employees ...................................................................................... 18

MEMBERSHIP ....................................................................................... 19
1.

Qualifications for Membership......................................................... 19

1.1

Qualification for full Membership ................................................. 19

1.2

Qualification for Associate Membership. ..................................... 19

2.

Application Procedure..................................................................... 19

3.

Bank Guarantee.............................................................................. 19

4.

Independence ................................................................................. 20

5.

Suspension and Expulsion.............................................................. 20

6.

Liability of directors and officers...................................................... 20

7.

Floor Traders and Authorised Representatives............................... 20