National Oil Reserves Agency Act 2007
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Chief executive (appointment and term of office). |
19.— (1) There shall be a chief executive of the Agency. | |
(2) The chief executive shall be appointed and may be removed or suspended from office by the directors appointed under section 14 (2). | ||
(3) The chief executive holds office for such period and subject to such terms and conditions (including terms and conditions relating to remuneration and allowances for expenses) that the directors appointed under section 14 (2) may, with the approval of the Minister given with the consent of the Minister for Finance, determine. | ||
(4) The remuneration and allowances determined under subsection (3) and any superannuation benefits payable to or in respect of the chief executive shall be paid by the Agency out of the levy. | ||
(5) A person may be reappointed as chief executive subject to the other provisions of this section. | ||
(6) Where and for so long as the chief executive is suspended from office, the chief executive is suspended from being a director of the Agency. |