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National Empowerment Fund Act, 1998 (Act No. 105 of 1998)

17. Chief Executive Officer

 

 

(1) The Board must with the approval of the Minister, appoint a Chief Executive Officer of the Trust, subject to the terms and conditions and employment contract which he or she may conclude with Trust.

 

(2) The personal requirements and the disqualifications applicable to the trustees as referred to in sections 6 and 7, respectively, must, with the necessary changes, apply to the Chief Executive Officer.

 

(3) The Chief Executive Officer is by virtue of his or her office a member of the Board with full powers accorded to any other trustee of the Trust.

 

(4) The Chief Executive Officer is the executive officer of the Trust and shall be responsible for the management of the activities of the Trust.

 

(5)        

(a) The Board may delegate to the Chief Executive Officer such powers as may be necessary in managing the activities of the Trust.
(b) The Chief Executive Officer may delegate such powers to the staff, committees, other trustees or other structures of the Trust.

 

(6) The Board may, if the Chief Executive Officer is unable to perform his or her duties for a period longer than six weeks, appoint, in consultation with the Minister, an acting Chief Executive Officer for the duration of his or her inability.