Section 17Part 2 — Establishment, Capital and Administration of Authority
Additional committees
←→ Navigate · Click subsection badges to collapse · Press ? for help
The board may appoint committees additional to the Management Committee, to assist the board in exercising the board's management functions under this Law, and shall appoint such persons as it sees fit to be members of the committees.
The managing director may designate a member of any such committee to act as secretary to the committee performing such duties as the committee may determine.
The board may, by instrument in writing, delegate to a committee appointed by the board under subsection (1), such powers and duties (other than licensing or supervisory powers or duties) as the board sees fit; and the committee shall exercise and carry out the powers and duties so delegated by the board.
Defined Terms
committeesmanagement functions
Cross References
- Section 16 of Monetary Authority Actexternal
Management Committee