(1) A GTE’s
board must arrange for its performance to be externally reviewed, and a report
to be given to the Portfolio Minister, in accordance with the regulations.
(2) The matters that
the regulations may deal with include —
(a) the
periodicity of review; and
(b) the
criteria of review, including by providing that some or all of the criteria
may be determined by the Portfolio Minister; and
(c) the
process for appointing, and the skills, qualifications and experience of, a
reviewer.
(3) If a GTE’s
board does not arrange for external review in accordance with the regulations,
the Portfolio Minister may arrange for external review at the expense of the
GTE.
(4) Regardless of the
other provisions of this section, a Portfolio Minister may, at any time but
subject to the approval of the GTE Minister, arrange for the external review
of the performance of a GTE’s board at the expense of the GTE.
(5) The Portfolio
Minister is not bound by regulations made for the purposes of subsection (1)
when acting under subsection (3) or (4).