Section 10: The Managing Director
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
10. The Managing Director
(1) There shall be a chief executive officer of the Board of Investment
who shall—
(a) be known as the Managing Director; and
(b) be appointed by the Board with the approval of the Minister, on
such terms and conditions as it thinks fit.
(2) The Managing Director shall be responsible for the execution of the
policy of the Board and for the control and management of the day-to-day
business of the Board of Investment.
(3) In the exercise of his functions, the Managing Director shall act in
accordance with such directions as he may receive from the Board.
(4) The Managing Director may, with the approval of the Board, delegate
his functions or any power delegated to him under section 11 to an employee.
(5) The Managing Director shall, unless otherwise directed by the Board,
attend every meeting of the Board and may take part in its deliberations but
shall not be entitled to vote on any matter before the Board.