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Section 11: Managing Director

Small And Medium Enterprises Development Authority Act · PART III: MANAGEMENT OF AUTHORITY

consolidated text (as at 2016). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

11. Managing Director (1) There shall be a chief executive officer of the Authority who shall be— (a) known as the Managing Director; and (b) appointed by the Board, with the approval of the Minister, on such terms and conditions as it thinks fit. (2) The Managing Director shall— (a) 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 Authority; (b) act in accordance with such directions as he may receive from the Board; (c) achieve annual performance targets set by the Board; (d) submit to the Board, every 3 months, a report on the activities and finances of the Authority.

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