Housing Development Agency Act, 2008 (Act No. 23 of 2008)18. Conditions of appointment of chief executive officer and chief financial officer |
| 1) | The appointment of the chief executive officer and chief financial officer is subject to the conclusion of an annual performance contract with the Agency. |
| 2) | The chief executive officer and the chief financial officer are appointed for a term of five years and may be reappointed for one additional term of five years. |
| 3) |
| a) | The chief executive officer holds office on terms and conditions determined by the Board, in consultation with the Minister of Finance and the Minister for the Public Service and Administration. |
| b) | The chief financial officer holds office on terms and conditions determined by the chief executive officer within the limits determined by the Board, in consultation with the Minister of Finance and the Minister for the Public Service and Administration. |
| 4) | The chief executive officer and chief financial officer are executive members of the Board. |
| 5) | The chief executive officer and chief financial officer are entitled to a remuneration package determined by the Board in consultation with the Minister and the Minister of Finance. |
| 6) | The chief executive officer and the chief financial officer are accountable to the Board. |