AmendmentAct

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5/2/2012
(6) The Chief Executive Officer may be removed from office by the Minister
on the recommendation of the Board in accordance with the provisions of section 8 of the
Public Enterprises (Control and Monitoring) Act, 1989.
(7) The dismissal of all other officers shall be carried out by the Chief
Executive Officer or such senior officer as he may delegate to perform that function".
Addition of new section 9bis
10. The principal Act is amended by adding the following new section 9bis -
"Chief Financial Officer
9bis. (1) The Chief Financial Officer shall be appointed and dismissed by the Board
in accordance with the provisions of section 8(2) of the Public Enterprises (Control and
Monitoring) Act, 1989, and on such terms and conditions as the Minister may determine.
(2) The Chief Financial Officer shall hold office for a period as maybe
decided by the Board.
(3) Subject to the directions of the Board, the Chief Financial Officer shall-
(a)
report dir~ctly to the Chief Executive Officer regarding fmancial
management matters of the SMVA Fund;
(b)
oversee all financial management activities relating to the
programs and operations of the SMVA Fund;
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