The Regulatory Board may—
| (a) |
determine its own staff establishment and may appoint a chief executive officer and employees in posts on the staff establishment on such conditions, including the payment of remuneration and allowances, as it may determine; |
| (b) |
in consultation with the Minister, determine the remuneration and allowances payable to its members or the members of any committee of the Regulatory Board; |
| (c) |
collect fees and invest funds; |
| (e) |
with a view to the promotion of any matter relating to the auditing profession, grant bursaries or loans to prospective registered auditors; |
| (f) |
finance any publications; |
| (g) |
acquire, hire, maintain, let, sell or otherwise dispose of movable or immovable property for the effective performance and exercise of its functions, duties or powers; |
| (h) |
decide upon the manner in which agreements must be entered into; |
| (i) |
obtain the services of any person, including any organ of state or institution, to perform any specific act or function; |
| (j) |
determine where its head office must be situated; |
| (k) |
confer with any organ of state; |
| (l) |
open and operate its own bank accounts; |
| (m) |
ensure that adequate risk management and internal control practices are in place; |
| (n) |
perform legal acts, or institute or defend any legal action in its own name; and |
| (o) |
do anything that is incidental to the exercise of any of its functions or powers. |
National Energy Act, 2008
