Diamonds Act, 1986
R 385
Property Practitioners Act, 2019 (Act No. 22 of 2019)Chapter 3 : Appointment of CEO and Staff of Authority16. Appointment of CEO |
| (1) | The Board must, with the approval of the Minister, appoint a suitably qualified and experienced person as CEO for a period not exceeding five years. |
| (2) | The CEO is accountable to the Board and is responsible and accountable for the day-to-day management and operations of the Authority. |
| (3) | The Board must, prior to the appointment of the CEO, satisfy itself that the person whom it intends to appoint has a suitable combination of qualifications, skills and experience to lead and manage the Authority. |
| (4) | The appointment of the CEO is subject to the conclusion of a written performance contract entered into between the CEO and the Board within three months of the appointment of the CEO. |
| (5) | The CEO and any company in which he or she is a director may not trade with the Authority within 12 months after the termination of his or her employment by or resignation from the Authority. |
| (6) | A CEO may be re-appointed after the expiration of his or her term of office for one additional term of five years. |
| (7) | The CEO may resign by giving three months’ notice in writing to the Board, unless the parties agree on a shorter period. |
| (8) | Upon resignation or removal of the CEO, the Board must immediately appoint a new CEO or another suitable person as acting CEO on the terms and conditions determined by the Board, until a new CEO is appointed. |
| (9) | If the Board has not appointed a new CEO within six months after the position of the CEO became vacant, the Board must within 14 days after the expiry of that six-month period report to the Minister the reasons why it has not done so. |
| (10) | The termination of the CEO’s employment contract or the CEO’s resignation does not in any way prevent or influence the institution or continuance of legal or disciplinary proceedings against him or her. |
