Research and Innovation Act 2024

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Chapter 3

Board of Agency

Board of Agency

15. (1) The Agency shall have a Board (in this Act referred to as the “Board”) established under this Act to perform the functions of the Agency.

(2) The Board shall—

(a) oversee the development of the corporate plan under section 23 and the annual plan under section 24 of the Agency and their submission to the Minister,

(b) satisfy itself that appropriate systems, procedures and practices are in place—

(i) to achieve the objects of the Agency under section 8 ,

(ii) for the internal performance management and accountability of the Agency in respect of—

(I) the performance of its functions under section 9 ,

(II) the achievement of the objectives in the corporate plan under section 23 , and

(III) the achievement of the performance targets in the annual plan under section 24 ,

and

(iii) in order to enable compliance with the policies (whether contained in guidelines, codes or other documents, or any combination of them) of the Government or a Minister of the Government to the extent that those policies may affect or relate to the functions of the Agency,

and

(c) establish and implement arrangements for the management of the performance of the Chief Executive Officer.

(3) The Board is accountable to the Minister for the performance of its functions under subsections (1) and (2).

(4) The Board may delegate in writing to the Chief Executive Officer any of the functions of the Agency or the Board other than the functions under subsection (2).

(5) If a function of the Agency is delegated to the Chief Executive Officer under subsection (4), the delegation remains in force until the Board revokes the delegation by notice in writing given to that Officer.

(6) The Board shall notify the Minister in writing of any delegation made under subsection (4) and of any revocation of such delegation under subsection (5).

(7) The Board shall retain in its possession the official seal of the Agency.