Intellectual Property Rights from Publicly Financed Research and
R 385
The South African National Roads Agency Limited and National Roads Act, 1998 (Act No. 7 of 1998)Chapter 2 : Governance and Staffing of Agency12. Board of Directors |
| (1) | The Agency is governed and controlled, in accordance with this Act, by a Board of Directors. The Board of Directors represents the Agency, and all acts of or under the authority of that Board will be the acts of the Agency. |
| (2) | The Board consists of eight members of whom seven must be appointed by the Minister. The eighth member is the Chief Executive Officer, by virtue of holding that office. |
| (3) | The members to be appointed, are the chairperson, who must be a fit and proper person for that office, and six additional members, of whom — |
| (a) | one must be a representative of the Department of Finance who has been nominated by that Department; and |
| (b) | five must be persons having special qualifications, skills, expertise or experience in matters concerning national roads or the business or operations of the Agency. |
| (4) | A person who in terms of the Companies Act is disqualified from being appointed a director of a company, may not be appointed a member of the Board in terms of subsection (3). |
