Intellectual Property Rights from Publicly Financed Research and
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsRegulations for Accounting Standards Board9. Chairperson and Deputy Chairperson |
| (1) | Whenever necessary the Board must elect from its members a person to be the Chairperson and another person to be the Deputy Chairperson of the Board. |
| (2) | A person elected to be the Chairperson or the Deputy Chairperson holds office for three years or until that person’s term as a member expires, whichever occurs first. |
| (3) | The Deputy Chairperson acts as chairperson when - |
| (a) | the Chairperson is absent or unable to perform the functions of chairperson; or |
| (b) | the office of chairperson is vacant. |
| (4) | The Deputy Chairperson does not automatically succeed as Chairperson if the office of chairperson becomes vacant. |
| (5) | The Chairperson must be available for the work of the Board in addition to the attendance of Board meetings. |
