Singapore legislation

Section 8

of Post Office Savings Bank of Singapore Act

Section 8

Board of Directors

(1)

The management of the Bank and of its properties and its business shall be vested in a Board of Directors consisting of not less than 5 and not more than 8 directors who shall be appointed by the Minister.

(2)

The directors shall hold office for a term not exceeding 3 years and shall be eligible for reappointment.

(3)

The Minister may at any time revoke the appointment of any director.

(4)

Any director may, with the approval of the Minister, resign from his office. [7

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