s.47Duties of board
47
Section 47Part 5 — Statutory Authorities and Government Companies

Duties of board

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The board of a statutory authority or government company shall be responsible for the performance of the authority or company including all its subsidiary entities, including for ensuring that the authority or company —
delivers the outputs specified in the purchase agreement prepared in accordance with section 49; and
achieves the ownership performance specified in the ownership agreement prepared in accordance with section 50.
The board shall be responsible for appointing, and monitoring the performance of, a Chief Officer.
The board shall delegate to the Chief Officer, on such terms and conditions as it thinks fit, the power to manage the statutory authority or government company.

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