Section 12: Board of Directors
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. Board of Directors
(1) The general policy of the affairs and business of the Bank, other than
the formulation and determination of monetary policy, shall, subject to this
Act, be entrusted to a Board of Directors.
(2) The Board shall consist of—
(a) the Governor, who shall be the Chairperson;
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Revised Laws of Mauritius
(b) 2 Deputy Governors; and
(c) not less than 5 and not more than 7 other Directors appointed in
accordance with section 16.
(3) In the exercise of its functions, the Board shall not be subject to the
direction or control of any other person or authority.
(4) Every Director, other than the Governor and the Deputy Governors,
shall be paid such fees as the Minister may determine.
[S. 12 amended by s. 3 (a) of Act 17 of 2007 w.e.f. 22 August 2007.]