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Board Chairperson Employment Contract

Document Type
DOCX
Pages
3
Price: KES 150
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Document Overview

A Board Chairperson Employment Contract is a formal legal agreement between a company and an individual appointed to serve as the Chairperson of the Board of Directors.

Key Components:
1. Title & Introduction
2. Appointment Clause
3. Term of Service
4. Duties and Responsibilities
5. Time Commitment
6. Remuneration & Benefits
7. Confidentiality
8. Conflict of Interest
9. Performance Review
10. Termination Clause
11. Post-Term Obligations
12. Dispute Resolution
13. Governing Law
14. Signatures

The key purposes of a Board Chairperson Employment Contract are to:
1. Define the Chairperson’s leadership and oversight role in board matters.
2. Align with the Companies Act, 2015 (Kenya) and corporate governance codes.
3. Set performance expectations and evaluation criteria.
4. Specify terms around conflicts of interest and confidentiality.
5. Define how and when the Chairperson will be compensated.

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