Singapore legislation

Clause 18

of Deposit Insurance Bill

Clause 18

Appointment of Chief Executive, officers and employees, etc.

(1)

The board of directors shall appoint a Chief Executive on such terms and conditions as the board may determine.

(2)

The Chief Executive shall —

(a)

be known by such designation as the board of directors may determine; and

(b)

be responsible to the board of directors for the proper administration and management of the functions and affairs of the Agency in accordance with the policies and directions established by the board.

(3)

The board of directors may appoint any other person to perform the duties of the Chief Executive whenever the Chief Executive is unable to perform his duties for any period because of absence from Singapore, illness or any other reason.

(4)

The Agency may, from time to time, appoint and employ, on such terms and conditions as it may determine, such other officers, employees, consultants and agents as may be necessary for the effective performance of its functions.