Protection of Businesses Act, 1978
R 385
National Small Business Act, 1996 (Act No. 102 of 1996)Chapter 3: Small Enterprise Development Finance Agency16. Composition of Board |
| (1) | Subject to section 11, the Minister must appoint all the directors of the Board on grounds of their skill, knowledge and experience, which, when considered collectively, are representative of the nine provinces, and will enable them to fulfil the objectives of the Agency. |
| (2) | The Board must comprise a minimum of seven and a maximum of 13 directors. |
| (3) | Non-executive directors serve a term of three years and may not be reappointed for more than two additional terms. |
| (4) | The CEO and CFO of the Agency are Executive members of the Board. |
[Section 16 substituted by section 4 of the National Small Enterprise Amendment Act, 2024 (Act No. 21 of 2024), GG50965, Notice No. 5049, dated 23 July 2024 - effective 1 October 2024 per Commencement Notice 190 of 2024]
