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Companies Act, 1973 (Act No. 61 of 1973)

The Securities Regulation Code on Takeovers and Mergers

Rules under Sections 440C(4)(a), (b), (c) and (f) of Act No. 61 of 1973, as amended

3. The Remuneration and Allowances of The Executive Director and the Conditions upon which he is appointed

 

 

1) The Executive Director shall be appointed by the Panel.

 

2) The salary and allowances of the Executive Director shall be as determined by the Chairman in consultation with the executive Committee with due regard to comparable remuneration of persons with similar qualifications and responsibilities in similar employment in the South African securities industry.

 

3) The conditions of employment of the Executive Director shall be determined by the Chairman in consultation with the Executive Committee

 


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