(1) There shall be a
chief executive officer of the Corporation.
(2) The powers —
(a) to
appoint and remove the chief executive officer; and
(b)
subject to sections 8AA and 8AB, to fix and alter his or her terms and
conditions of service,
are vested in the
board.
(3) The board shall
obtain the concurrence of the Minister before it exercises any of the powers
conferred by subsection (2).
(4A) Subsection (3)
does not apply to the exercise by the board of the power to determine or set
remuneration to which section 8AA or 8AB applies.
(4) Subject to any
provision of his or her terms and conditions of service, the chief executive
officer may resign his or her office by giving notice in writing to the board.
(5) The board may
appoint a person to act in place of the chief executive officer —
(a)
during a vacancy in that office; or
(b)
during any period when the chief executive officer —
(i)
is unable for any reason to perform his or her duties; or
(ii)
is absent from the State,
and where subparagraph
(ii) applies may —
(iii)
appoint a person to act in place of the chief executive
officer even though the latter is performing duties of office outside the
State; and
(iv)
specify the extent to which the person may so act.
(6) Sections 8AA and
8AB apply to a person appointed under subsection (5) to act in place of the
chief executive officer as if the references in those provisions to the chief
executive officer were references to the person so acting.
[Section 8 inserted: No. 25 of 1998 s. 10(1);
amended: No. 28 of 2006 s. 450; No. 46 of 2016 s. 35.]