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South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)

17. Conditions of appointment of chief executive officer, chief financial officer and chief operating officer

 

 

(1) The appointment of the chief executive officer, chief financial officer and chief operating officer is subject to the conclusion of an annual performance agreement with the Post Office.

 

(2) The chief executive officer, chief financial officer and chief operating officer are appointed for a term not exceeding five years and may, subject to the approval of the Minister, be reappointed for one additional term not exceeding five years.

 

(3) The chief executive officer, chief financial officer and chief operating officer hold office on terms and conditions determined by the Board, with the concurrence of the Minister.

 

(4) The chief executive officer, chief financial officer and chief operating officer are members of the Board by virtue of their office.

 

(5) The chief executive officer, chief financial officer and chief operating officer are entitled to a remuneration package determined by the Board with the concurrence of the Minister, the Minister acting after consultation with the Minister of Finance.

 

(6) The chief executive officer, chief financial officer and chief operating officer are accountable to the Board.