s.8Managing Director
8
Section 8Part 0 —

Managing Director

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The Cabinet shall appoint a fit and proper person to be the Managing Director of the Authority.
The Managing Director shall be employed on such terms and conditions of service as the Cabinet may decide.
The Managing Director shall be entrusted with the day to day administration of the Authority to the extent of the authority delegated to that person by the Board.
The Managing Director shall render that person’s services exclusively to the Authority unless the Board resolves otherwise and shall be answerable to the Board for that person’s acts and decisions.
In the event of the Managing Director’s absence, or inability to act, the Cabinet may, after consultation with the Board, appoint a person to discharge the duties of the Managing Director during the period of that person’s absence or inability, except that the Cabinet may delegate such authority to the Board.
The Cabinet shall terminate the appointment of the Managing Director, where the Managing Director — (a) becomes of unsound mind or incapable of carrying out that person’s duties; (b) becomes bankrupt, suspends payment to or compounds with that person’s creditors; (c) is convicted in the Islands or in any other jurisdiction of an offence involving dishonesty, fraud or any indictable offence; (d) commits serious misconduct in relation to that person’s duties; (e) is absent, without leave of the Chairperson, from three consecutive meetings of the Board; or (f) fails to comply with that person’s obligations under section 12.
becomes of unsound mind or incapable of carrying out that person’s duties;
becomes bankrupt, suspends payment to or compounds with that person’s creditors;
is convicted in the Islands or in any other jurisdiction of an offence involving dishonesty, fraud or any indictable offence;
commits serious misconduct in relation to that person’s duties;
is absent, without leave of the Chairperson, from three consecutive meetings of the Board; or
fails to comply with that person’s obligations under section 12.

Cross References