National Youth Development Agency Act, 2008 (Act No. 54 of 2008)12. Committees of Board |
| (1) | The Board may establish Committees, including the: |
| (a) | Executive Management Committee; |
| (b) | Credit Risk Committee; |
| (c) | Human Resource and Remuneration Committee; |
| (d) | Audit Committee, in accordance with Treasury guidelines regarding the formation of Audit Committees as provided for in section 77 of the PFMA; and |
| (e) | Development Committee to assist in the performance of its functions. |
| (2) | The Board must determine the composition, rules and procedures of committees established in terms of this section. |
| (3) | The Board may invite persons who are not members of the Board to serve on any of its committees, but such persons may not be appointed as chairpersons of such committees. |
| (4) | The Board may dissolve or reconstitute a committee as is necessary. |
| (5) | Any decision taken by a committee established under this section must be ratified by the Board. |