Technology Innovation Agency Act, 2008 (Act No. 26 of 2008)5. Board of Agency |
| (1) | There is hereby established a Board, known as the Board of the Agency, consisting of— |
| (a) | a chairperson; |
| (b) | not less than six and not more than nine members; and |
| (c) | the Chief Executive Officer of the Agency, as an ex officio member. |
| (2) | The Board is responsible for the management and control of the Agency. |
| (3) | The Board must prepare an Investment Framework Policy, as prescribed, and review such policy on an annual basis. |
| (4) | The Minister must appoint a panel which must compile a shortlist of candidates for members of the Board, and such shortlist must be compiled after a transparent and competitive nomination process. |
| (5) | The members of the Board contemplated in subsection (1)(a) and (b) are appointed by the Minister, in consultation with the National Assembly, on the grounds of their knowledge and experience in technological innovation, technology management, intellectual property and commercialisation thereof and business skills which, when considered collectively, should enable them to attain the objects of the Agency. |
| (6) | Subject to the Promotion of Administrative Justice Act, 2000 (Act No. 3 of 2000), the Minister may dissolve the Board on the grounds of mismanagement. |
(7)
| (a) | When the Minister dissolves the Board in terms of subsection (6), the Minister may appoint an interim body for the continued governance and control of the affairs of the Agency, on such conditions as the Minister may determine. |
| (b) | Such a body must be appointed for a period not exceeding six months or until the new Board is appointed in terms of subsection (5), whichever is the lesser. |