Board of Directors

The Board of Directors supports the implementation of best practice in Corporate Governance and confirms that the company has complied with corporate governance practices.

The Board comprises of the following members:

  • Chairman
  • Cabinet Secretary, The National Treasury
  • CS industry with Principal Secretary, State Department of Investment and Industry
  • Industrial and Commercial Development Corporation
  • Kenya Reinsurance Corporation
  • Kenya National Assurance Company (in Liquidation)
  • National Bank of Kenya
  • Independent Directors (2)
  • Managing Director

The conduct of the Board is governed by the terms of a Board Charter ensuring that its role is independent from that of Management and that there is no conflict of interest affecting the duties of the directors to the company. The Board has delegated the responsibility for the day-to-day business of the company to the Managing Director.

The Board meets quarterly or more often if business so dictates. During its meetings, it considers financial reports, reports from the various Board committees and matters related to the general strategy of the company.

There are three committees of the Board. Their terms of reference have been set by the Board and they make recommendations to the Board on various matters delegated to them.

There are three committees of the Board. Their terms of reference have been set by the Board and they make recommendations to the Board on various matters delegated to them.

The Audit Committee

  • This Committee meets quarterly. It reviews all areas of business risk, management accounts, and the reports of the Internal and External Auditors respectively.

The Investment Committee

  • This Committee meets regularly to consider and approve new credit applications and the renewal of existing facilities within limits set by the Board.

The Human Resources Committee

  • This Committee meets quarterly. It is responsible or the recruitment, promotion, and discipline of senior staff members, the review of HR policies and staff remuneration.

The Managing Director has established committees to review specific aspects of the company’s operations. These include the Assets and Liabilities committee, the Management committee and the Management Credit Committee.

  • Internal controls

The Board of Directors has collective responsibility for the establishment and maintenance of a system of internal controls that provide reasonable assurance of effective and efficient operations. However, it recognizes that any system of internal control can provide only reasonable but not absolute assurance against material misstatement.

  • Risk Management

The company has identified risks that are inherent to the business and continues to review its policies and procedures in order to mitigate against such risks. The risks include strategic risk, interest rate risk, foreign exchange risk and operational risk.

Contact Us

The Managing Director
IDB Capital Limited, 18th Floor, National Bank Building
Harambee Avenue, NAIROBI.
P. O. Box 44036-00100, NAIROBI.

Telephone: (020)2248600; 2247142;3202000; 2247112
Mobile: 0733 221 111; 0728 970 750
Fax: 020 318929

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