Singapore legislation
Clause 7
Clause 7
Board of directors
(1)
There shall be a board of directors of the Authority which shall be responsible for the policy and general administration of the affairs and business of the Authority.
(2)
The board shall, from time to time, inform the Government of the banking and credit policy of the Authority.
(3)
The board shall consist of —
(a)
the Minister responsible for finance who shall be the chairman;
(b)
the Permanent Secretary (Economic Development), Ministry of Finance who shall be the deputy chairman;
(c)
the Accountant-General; and
(d)
four other directors appointed in accordance with sections 8 and 9 of this Act.