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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Regulations

Regulations for Accounting Standards Board

9. Chairperson and Deputy Chairperson

 

(1) Whenever necessary the Board must elect from its members a person to be the Chairperson and another person to be the Deputy Chairperson of the Board.

 

(2) A person elected to be the Chairperson or the Deputy Chairperson holds office for three years or until that person’s term as a member expires, whichever occurs first.

 

(3) The Deputy Chairperson acts as chairperson when -
(a) the Chairperson is absent or unable to perform the functions of chairperson; or
(b) the office of chairperson is vacant.

 

(4) The Deputy Chairperson does not automatically succeed as Chairperson if the office of chairperson becomes vacant.

 

(5) The Chairperson must be available for the work of the Board in addition to the attendance of Board meetings.

 

 


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