Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)

Chapter 2 : Board of Directors and Employees of Corporation

Purchase

(1)	The affairs of the Corporation are managed and controlled by a Board of Directors consisting of—

(a)	nine non-executive members;

(b)	two executive members, namely a Chief Executive Officer and a Chief Financial Officer; and

(c)	[Subsection (1)(c) deleted by section 1 of Act No. 16 of 2005]

(2)	The Board is the accounting authority for the Corporation as contemplated in section 49(2)(a) of the Public Finance Management Act.