Singapore legislation
Clause 62
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 62
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 —
be known by such designation as the board of directors may determine; and
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 laid down by the board.
(3)
Where the Chief Executive is temporarily absent from Singapore or temporarily incapacitated by reason of illness, or is for any other reason temporarily unable to perform his duties, a person may be appointed by the board of directors to act in the place of the Chief Executive during any such period of absence from duty.
(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.