Platinum Membership
R
Railway Safety Act, 2024 (Act No. 30 of 2024)Chapter 2 : Railway Safety Regulator13. Term of office and conditions of service of board members |
| (1) | The term of office of the board members is subject to the following |
| (a) | Non-executive members serve for a period of three years, which is renewable for a total of two consecutive terms; |
| (b) | non-executive members that have completed two consecutive terms may be considered for appointment after a break of service of a period of three years; |
| (c) | subject to board evaluation, at least one-third of non-executive members must retire annually; and |
| (d) | executive members serve in accordance with the term specified by their respective employers. |
| (2) | A board member, other than the CEO or a person who is in the full-time employment of an organ of state, is— |
| (a) | remunerated in accordance with a framework annually approved by the Minister, in consultation with the Minister of Finance; and |
| (b) | appointed on the terms and conditions of service determined by the Minister. |
| (3) | The Minister and the board must annually conclude a performance agreement that must at least include— |
| (a) | a board evaluation; |
| (b) | board performance targets; |
| (c) | the submission of board minutes by the chairperson or the deputy chairperson within seven days of the approval of such minutes; and |
| (d) | the submission by the board of progress reports on any matter required by the Minister. |
