Employment Equity Act, 1998
R 385
South African Postbank Limited Act, 2010 (Act No. 9 of 2010)Chapter IV : Control and Management of Company15. Resignation, removal from office and vacating of office |
| (1) | A member of the Board may resign by giving to the Minister— |
| (a) | one month's written notice; or |
| (b) | less than one month's written notice, with the approval of the Minister. |
| (2) | The Minister may, after having afforded the member of the Board concerned a reasonable opportunity to be heard, remove the member from office if that member— |
| (a) | acted in conflict with this Act; |
| (b) | refuses or fails to make a declaration contemplated in section 13(3)(b) or refuses or fails to make disclosure as contemplated in section 16(2); |
| (c) | after having been appointed, acquires any direct or indirect interest contemplated in section 13(3)(b)(ii), read with section 13(1)(g); |
| (d) | neglected to properly perform the functions of his or her office; |
| (e) | in accordance with the Banks Act and after the Registrar of Banks has informed the Minister, is no longer a fit and proper person to hold that appointment; or |
| (f) | is absent from three consecutive Board meetings without prior leave of the Chairperson. |
| (3) | A member of the Board must vacate the office if he or she becomes disqualified from membership of the Board in terms of section 13. |
