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R 385
South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 3 : Governance of Agency7. Governance and composition of Board |
(2) | The Board— |
(a) | is the accounting authority of the Agency; and |
(b) | is responsible for the strategic direction of the affairs of the Agency. |
(3) | The Board of the Agency consists of— |
(a) | two executive members appointed in terms of section 23; |
(b) | not less than nine and not more than 11 non-executive members, which must include— |
(i) | a member designated by the Minister who is a senior officer of the Department; |
(ii) | a member designated by the Minister of Finance who is suitably qualified and experienced; and |
(iii) | the members appointed in terms of section 10. |
(4) | The Chief Executive Officer and the Chief Financial Officer are executive members of the Board by virtue of their appointment and may not be the chairperson or the deputy chairperson of the Board or of any committee constituted under section 16. |