Housing Development Agency Act, 2008
R 385
Standards Act, 2008 (Act No. 8 of 2008)Part 2 : Continuation of the South African Bureau of StandardsExecutive Management17. Employment contract and performance agreement |
| (1) | The employment contract of the Chief Executive Officer must be in writing and must incorporate in an appropriate form the provisions of section 57 of the Public Finance Management Act. |
| (2) | The Board and the Chief Executive Officer must conclude a performance agreement for the Chief Executive Officer— |
| (a) | within a reasonable time after the appointment of the Chief Executive Officer; and |
| (b) | thereafter, annually within one month of the commencement of each financial year. |
| (3) | The performance agreement must include— |
| (a) | measurable performance objectives and targets that must be met and the time frames within which those performance objectives and targets must be met; |
| (b) | standards and procedures for evaluating performance and intervals for evaluation; and |
| (c) | the consequence of substandard performance. |
