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Financial Reporting - Chief Executive And Other Staff Of The Authority Ss 2021

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            (1) The Minister shall, on the recommendation of the Board, appoint a Chief Executive of the Authority for a fixed contract period, not exceeding five years, who shall be eligible for re- appointment, as the Minister may determine.

            (2) A person shall not be appointed as Chief Executive unless he or she possesses such experience and training in such discipline as the Minister may determine, and he or she has demonstrated that he or she is competent to carry out the functions of the Authority.

            (3) The Chief Executive shall, subject to such directions on matters of policy as may be given by the Board, be responsible for the day-to-day management of the affairs of the Authority.

            (4) The Chief Executive may resign from office by giving three months notice in writing to the Minister.

            (5) The Minister may, on the recommendation of the Board, remove the Chief Executive from office by giving him or her three months' notice in writing, or by paying him or her three months' salary in lieu of notice.

            (6) The Chief Executive may delegate, to any senior officer of the Authority, the exercise of any powers which he or she is authorised to exercise under this Act.

            (7) The Chief Executive shall, unless otherwise excused by the Board, attend every meeting of the Board.

21.     Appointment of staff of Authority

            (1) The Board shall, on the recommendation of the Chief Executive, appoint the senior staff of the Authority.

            (2) The contracts of the senior staff of the Authority shall not exceed a term of five years, and may be renewed at the discretion of the Board.

            (3) The senior staff shall, under the direction of the Chief Executive, assist the Chief Executive in the proper administration and management of the functions and affairs of the Authority, in accordance with the policies laid down by the Board.

            (4) The Chief Executive shall appoint such other staff as may be necessary for the proper discharge of the functions of the Authority.

            (5) A member of staff of the Authority shall not engage in, or continue in any profitable pursuit outside the Authority.

            (6) The terms and conditions of employment of staff of the Authority shall be as may be determined by the Board in consultation with the Minister.