As enacted

Contents

1990 Suwaseriya Foundation Act 2018 · As enacted · Part III · Chief Executive Officer and the Staff of the Foundation

16. Appointment of the Chief Executive Officer of the Foundation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Board shall, in consultation with the Minister and having regard to the qualification and scheme of recruitment specified under subsection (2) appoint to the staff of the Foundation a Chief Executive Officer (in this Act referred to as the “CEO”).

(2)

The Board shall, with the concurrence of the Minister specify qualification and the scheme of recruitment for the post of CEO.

(3)

The CEO shall subject to the general directions and supervision of the Board:–

(a)

be charged with the administration of the affairs of the Foundation including the administration and control of the staff;

(b)

be responsible for the execution of all decisions of the Board; and

(c)

carry out all such functions as may be assigned to him by the Board.

(4)

The CEO shall be entitled to be present and speak at any meeting of the Board, but shall not be entitled to vote at such meeting.

(5)

The CEO may delegate in writing to any officer of the

Foundation, any of his powers or functions and the officer to whom any such power or function is delegated shall exercise or perform them subject to the directions of the CEO.

(6)

The Board may remove the CEO from office:—

(a)

if he becomes permanently incapable of performing his duties;

(b)

if he had done any act which, in the opinion of the

Board, is of a fraudulent or illegal character or is prejudicial to the interests of the Foundation; or

(c)

has failed to comply with any directions issued by the Foundation.

(7)

The CEO shall be paid such remuneration as may be determined by the Board.

Read on from s 17

Part IV

Finance

Read on from Part IV

Part V

General

Read on from Part V