Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)RegulationsRegulations made under Section 17Disqualification of directors103. When office of director vacated |
The office of a director shall be vacated—
| (a) | if he or she is absent from meetings of the Board for three (3) consecutive meetings without leave of the Board; |
| (b) | if he or she is a party to or participates in the profits of any contract with the Bank, subject, however, to the provisions hereof. |