Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part II : Management of Bank17. Appointment of Chief Executive Officer |
| (1) | The Minister must, after consultation with the Board, appoint a suitable person as Chief Executive Officer of the Bank. |
| (2) | The Bank must pay the Chief Executive Officer the remuneration, allowances, subsidies and other service benefits determined from time to time by the Minister in consultation with the Minister of Finance and after the Minister had consulted with the Board. |
| (3) | The Minister may, after consultation with the Board, terminate the employment of the Chief Executive Officer in accordance with applicable employment law. |