Community Schemes Ombud Service Act, 2011
R 385
South African Postbank Limited Act, 2010 (Act No. 9 of 2010)Chapter IV : Control and Management of Company19. Conditions of appointment of managing director |
(1)
| (a) | The appointment of the managing director is subject to the conclusion of a performance contract entered into between the Board and the managing director. |
| (b) | The performance contract must be reviewed annually. |
| (2) | The managing director holds office on the terms and conditions determined by the Board, with the concurrence of the Minister. |
| (3) | The managing director is entitled to a remuneration package determined by the Board with the concurrence of the Minister and the Minister of Finance. |
| (4) | The managing director is accountable to the Board. |
