Road Traffic Management Corporation Act, 1999 (Act No. 20 of 1999)Chapter 2 : Establishment and governance of Road Traffic Management Corporation6. Establishment and composition of Shareholders Committee |
| (1) | A Shareholders Committee is hereby established. |
| (2) | The Shareholders Committee consists of— |
| (a) | the Minister; |
| (b) | every MEC; and |
| (c) | two representatives nominated by the national organisation recognised in terms of section 2(a) of the Organised Local Government Act, 1997 (Act No. 52 of 1997). |
| (3) | Each member of the Shareholders Committee has, subject to subsection (4), one vote. |
| (4) | If a province has more than one MEC as member of the Shareholders Committee the vote may only be exercised by the MEC of that province whose portfolio is most closely connected to the function in respect of which a decision needs to be taken. |
| (5) | The chief executive officer must attend the meetings of the Shareholders Committee and may take part in deliberations but has no vote. |