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"content": "Mr. Ogindo wanted the following to be clarified:- 1. why the Ministry of Finance appointed Ms. Komora to the board of an organization to which she was an auditor, against international best practice; 2.what the required qualifications for such an appointment are; and, 3.how the hon. Minister intends to deal with the conflict of interest arising from this appointment, especially considering that her deputy, Mr. A.S.M Gatumbu, was appointed her successor, and in effect, will be auditing the CMA. Mr. Deputy Speaker, Sir, Ms. Priscilla Njeri Komora retired at the beginning of 2009 from the Kenya National Audit Office (KNAO) where she served as the Controller and Auditor- General. She is, therefore, no longer an employee of the KNAO. Moreover, there is no regulation and/or law in this country that prohibits an officer who has retired from the KNAO from accepting appointment to serve in another public office. The Deputy Prime Minister and Minister for Finance appointed Ms. Priscilla Njeri Komora to be a Member of the CMA in accordance with Section 5(3)B of the Capital Markets Act, in particular, Section 5(4) of the CMA Act which stipulates as follows:- âThe Chairman and every member appointed under paragraph B(3) shall be appointed from amongst persons who have experience and expertise in legal, financial, banking, accounting, economics or insurance matters.â"
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