Standards Act, 2008 (Act No. 8 of 2008)

Part 2 : Continuation of the South African Bureau of Standards

Executive Management

17. Employment contract and performance agreement

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(1)The employment contract of the Chief Executive Officer must be in writing and must incorporate in an appropriate form the provisions of section 57 of the Public Finance Management Act.

 

(2)The Board and the Chief Executive Officer must conclude a performance agreement for the Chief Executive Officer—
(a)within a reasonable time after the appointment of the Chief Executive Officer; and
(b)thereafter, annually within one month of the commencement of each financial year.

 

(3)The performance agreement must include—
(a)measurable performance objectives and targets that must be met and the time frames within which those performance objectives and targets must be met;
(b)standards and procedures for evaluating performance and intervals for evaluation; and
(c)the consequence of substandard performance.