Recognition of Customary Marriages Act, 1998
R 385
South African Postbank Limited Act, 2010 (Act No. 9 of 2010)Chapter IV : Control and Management of Company18. Appointment of managing director |
| (1) | The Board must, with the approval of the Minister, appoint a managing director who must perform any work incidental to the functions of the Company and ensure that the Company meets its objects. |
| (2) | The Board must invite applications for the posts of managing director by publishing advertisements in the media. |
| (3) | A person appointed as managing director— |
| (a) | must have the qualifications or experience relevant to the functions of the Company; |
| (b) | must not be disqualified as contemplated in section 13; and |
| (c) | is a member of the Board by virtue of the office. |
