South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)17. Conditions of appointment of chief executive officer, chief financial officer and chief operating officer |
| (1) | The appointment of the chief executive officer, chief financial officer and chief operating officer is subject to the conclusion of an annual performance agreement with the Post Office. |
| (2) | The chief executive officer, chief financial officer and chief operating officer are appointed for a term not exceeding five years and may, subject to the approval of the Minister, be reappointed for one additional term not exceeding five years. |
| (3) | The chief executive officer, chief financial officer and chief operating officer hold office on terms and conditions determined by the Board, with the concurrence of the Minister. |
| (4) | The chief executive officer, chief financial officer and chief operating officer are members of the Board by virtue of their office. |
| (5) | The chief executive officer, chief financial officer and chief operating officer are entitled to a remuneration package determined by the Board with the concurrence of the Minister, the Minister acting after consultation with the Minister of Finance. |
| (6) | The chief executive officer, chief financial officer and chief operating officer are accountable to the Board. |