Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part II : Management of Bank5. Functions of Board |
| (1) | The Board must— |
| (a) | direct and control the operations and business of the Bank; |
| (b) | implement the policies laid down in this Act; |
| (c) | develop strategies for the efficient management of the Bank; and |
| (d) | develop a code of good practice. |
| (2) | In carrying out its functions, the Board must exercise utmost care and act in the best interests of and for the benefit of the Bank. |
| (3) | The Board has all the powers necessary to carry out its functions in terms of this Act. |