Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part II : Management of Bank

14. Conditions of service of Board member

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(1)The Minister must in consultation with the Minister of Finance determine the remuneration, allowances and other benefits of the chairperson and other Board members and that remuneration and those allowances must be paid out of the funds of the Bank.

 

(2)The Minister may prescribe any other reasonable conditions of appointment to the Board in order to achieve the objectives of this Act.

 

(3)The Minister may for purposes of subsection (1) make different determinations in respect of different positions on the Board.