AmendmentAct
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l<br />
5/2/2012<br />
• J<br />
and each Committee shall, in addition, advise the Board on any matter the Board may<br />
refer to it.<br />
procedures".<br />
(3) A committee-established under this paragraph shall regulate its own<br />
Replacement of section 9<br />
,<br />
9. The principal Act is amended by replacing section 9 with the following new section 9- .<br />
"Chief Executive Officer and other staff<br />
9. (1) The Chief Executive Officer shall be appointed by the Board in<br />
accordance with the provisions of section 8(1) of the Public Enterprises (Control and<br />
Monitoring) Act, 1989, and on such terms and conditions as the Minister may determine.<br />
(2) The Chief Executive Officer shall hold office for a period as maybe<br />
decided by the Minister on the recommendation<br />
of the Board.<br />
(3) Subject to the provisions of this act, the Chief Executive Officer shall<br />
exercise authority and control over the operations and management of the SMV A Fund.<br />
The Chief Executive Officer shall:-<br />
(a) conduct the day to day business and administration of the SMVA<br />
Fund;<br />
(b)<br />
exercise the powers and perform the functions of the SMV A Fund<br />
under section 4;<br />
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