The Chief Executive Officer must—
| (b) |
exercise the utmost care to protect the assets and records of the Prudential Authority; |
| (c) |
act with fidelity, honesty, integrity and in the best interests of the Authority in managing the financial affairs of the Prudential Authority; |
| (d) |
on request, disclose to the Minister or the Governor all material facts relating to the affairs of the Prudential Authority, including those reasonably discoverable, that in any way may influence decisions or actions of the Minister or the Governor; |
| (e) |
seek, within the Chief Executive Officer’s sphere of influence, to prevent any prejudice to the financial interests of the Republic; |
| (f) |
ensure that the Prudential Authority has and maintains— |
| (i) |
effective, efficient and transparent systems of financial and risk management; |
| (ii) |
an effective, efficient and transparent system of internal audit; and |
| (iii) |
a procurement and provisioning system that is fair, equitable, transparent, competitive and cost-effective; |
| (g) |
take appropriate and cost-effective steps to— |
| (i) |
collect revenue due to the Prudential Authority; |
| (ii) |
prevent losses resulting from criminal conduct and expenditure that is not in accordance with the Prudential Authority’s operational policies; and |
| (iii) |
manage available working capital efficiently and economically; |
| (h) |
manage and safeguard the assets of the Authority, and manage the revenue, expenditure and liabilities of the Authority; |
| (i) |
establish systems and processes to ensure that effective and appropriate disciplinary steps are taken against any staff member of the Authority who— |
| (i) |
contravenes a law relevant to the performance of the Authority’s functions; or |
| (ii) |
engages in conduct that undermines the financial management and |
Statistics Act, 1999
