South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)12. Resignation, removal from office and vacancies |
| (1) | A non-executive member of the Board may resign by giving to the Minister— |
| (a) | one month's written notice; or |
| (b) | less than one month's written notice, with the approval of the Minister. |
| (2) | The Minister may, after having afforded the member of the Board concerned a reasonable opportunity to be heard, remove the member from office if that member— |
| (a) | acted in conflict with this Act or the memorandum of incorporation of the Post Office; |
| (b) | refuses or fails to make a disclosure or declaration contemplated in section 10(3)(b); |
| (c) | after having been appointed, acquires any direct or indirect interest contemplated in section 10(3)(b)(ii), read with section 10(1)(g); |
| (d) | is a member of the Board of the Post Office referred to in section 3(2)(c) and— |
| (i) | refuses or fails to submit to the Minister and the Board the written statement contemplated in section 10(4)(a); or |
| (ii) | refuses or fails to divest himself or herself of the interest contemplated in section 10(4)(b); |
| (e) | neglected to properly perform the functions of his or her office; |
| (f) | is a member of the Board appointed to the Board of the Postbank, and the Registrar of Banks has informed the Minister in accordance with the Banks Act, 1990 (Act No. 94 of 1990), that the member is no longer a fit and proper person to hold that appointment; or |
| (g) | is absent from three consecutive Board meetings without prior leave of the Chairperson. |
| (3) | Any member of the Board must vacate the office if he or she becomes disqualified from membership of the Board in terms of section 10. |