Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part II : Management of Bank16. Delegation by Board |
| (1) | The Board may from time to time by resolution delegate any of its powers and assign any of its duties to the Chief Executive Officer or any other Bank employee. |
| (2) | A delegation or assignment by the Board under subsection (1) must be in writing and specify the period for which such function is delegated or assigned, the purposes of the delegation or assignment and any conditions and restrictions that the Board may impose. |
| (3) | A delegation or assignment under subsection (1) does not prevent the performance by the Board of a delegated or assigned function. |
| (4) | The Board may withdraw or amend a delegation or assignment made by it. |