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Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter IX : Co-operative Banks Development Agency

Part 4 : National government oversight and executive authority

72. Ministerial representatives

 

(1) The Minister may designate officials of the National Treasury as his or her representatives to the Agency.

 

(2) Ministerial representatives designated in terms of subsection (1) represent the Minister as participating observers at meetings of the Agency.

 

(3) The Minister or his or her designated representative or representatives may at any time call or convene a meeting of the Agency in order for the Agency to give account for actions taken by it.

 

(4)
(a) A ministerial representative must represent the Minister faithfully at meetings of and with the Agency, without consideration of personal interest or gain, and must keep the Minister informed of what transpired at meetings of the Agency.
(b) A ministerial representative must act in accordance with the instructions of the Minister and may be reimbursed by the Minister for expenses in connection with his or her duties as a ministerial representative, but may not receive any additional compensation or salary for such duties.