Protection of Businesses Act, 1978
R 385
South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)18. Termination of employment of chief executive officer, chief financial officer and chief operating officer |
| (1) | The Board must, with the approval of the Minister and subject to compliance with the Labour Relations Act, 1995 (Act No. 66 of 1995), terminate the employment of the chief executive officer, chief financial officer and chief operating officer— |
| (a) | for misconduct, which includes any act or failure to act contemplated in section 12(2); or |
| (b) | for failing to perform the duties connected with that office diligently. |
| (2) | The Board may suspend the services of the chief executive officer, chief financial officer or chief operating officer pending the finding of any misconduct proceedings against him or her, during which period the chief executive officer, chief financial officer or chief operating officer is also suspended as an executive member of the Board. |
| (3) | The chief executive officer, chief financial officer or chief operating officer must vacate the office if he or she becomes disqualified from membership of the Board in terms of section 10. |
| (4) | The chief executive officer, chief financial officer and chief operating officer may resign by written notice of at least 30 days to the Chairperson of the Board. |
