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Section 14: The Chief Executive Officer and other staff of Council

Financial Reporting Act · PART II: ESTABLISHMENT OF FINANCIAL REPORTING COUNCIL

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.

14. The Chief Executive Officer and other staff of Council (1) The Council— (a) shall, with the approval of the Minister, appoint a Chief Executive Officer on such terms and conditions as it may determine; F9 – 9 [Issue 2] Financial Reporting Act (b) may appoint such employees or consultants on such terms and conditions as it may determine for the effective performance of its functions; and (c) may appoint, on such terms and conditions as it may determine, suitably qualified and experienced persons to form part of the panels of experts established under section 17. (2) The Chief Executive Officer shall be a professional accountant. (3) The Chief Executive Officer shall be responsible to the Council for the proper administration and management of the functions and affairs of the Council, in accordance with the policies laid down by the Council. (4) The Chief Executive Officer shall— (a) prepare and submit, at the appropriate time, the annual budget and programme of activities of the Council for its approval; and (b) in the discharge of his functions under the Act, conduct, with the approval of the Council, such enquiries or investigations as he may deem appropriate. (5) The Chief Executive Officer may, with the approval of the Council, delegate any of his functions, and any power delegated to him under section 15, to such employee as may be designated by the Council. (6) The Chief Executive Officer shall, unless otherwise directed by the Council, attend every meeting of the Council. [S. 14 amended by s. 10 (c) of Act 18 of 2008 w.e.f. 19 July 2008.]

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