Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part II : Management of Bank18. Powers and duties of Chief Executive Officer |
| (1) | The Chief Executive Officer is responsible for— |
| (a) | the management of the day-to-day affairs of the Bank, subject to the directions of the Board; and |
| (b) | control over the staff of the Bank. |
| (2) | The Chief Executive Officer may delegate any power or assign any duty to an employee of the Bank including a power delegated to him or her or a duty assigned to him or her by the Board in terms of section 16 unless the Board in its written delegation or assignment to the Chief Executive Officer expressly prohibits such further delegation or assignment. |
| (3) | A delegation or assignment under subsection (2) does not prevent the Chief Executive Officer from exercising the delegated power or performing the assigned duty. |
| (4) | The Chief Executive Officer may withdraw or amend a delegation or assignment made by him or her. |