Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter IX : Co-operative Banks Development Agency

Part 2 : Governance of Agency

65. Managing director
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(1)The managing director is responsible for the day-to-day management of the Agency and is accountable to the board of the Agency.

 

(2)The managing director must enter into a performance agreement with the Agency on acceptance of his or her appointment.