Singapore legislation
Clause 8
Clause 8
Appointment of directors
(1)
The directors referred to in paragraph (d) of subsection (3) of section 7 of this Act shall be appointed by the President.
(2)
The directors so appointed —
(a)
shall not act as delegates on the board from any commercial, financial, agricultural, industrial or other interests with which they may be connected;
(b)
shall hold office for a term not exceeding three years and shall be eligible for re-appointment; and
(c)
may be paid by the Authority out of the funds of the Authority such remuneration and allowances as may be determined by the President.
(3)
The provisions of paragraphs (b) and (c) of subsection (2) of this section shall not apply to a director who is appointed managing director under section 9 of this Act.