Singapore legislation

Clause 7

of Post Office Savings Bank of Singapore Bill

Clause 7

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 five and not more than eight directors who shall be appointed by the Minister.

(2)

The directors shall hold office for a term not exceeding three years and shall be eligible for re-appointment.

(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.

Read in full context — Post Office Savings Bank of Singapore Bill →