Credit Union and Co-operation with Overseas Regulators Act 2012

52.

Chief executive officer of ReBo.

52.— (1) There shall be a chief executive officer of ReBo (in this Part referred to as the “Chief Executive”).

(2) The Chief Executive shall, subject to subsection (3), be appointed by the Board of ReBo on the recommendation of the Chief Executive of the Public Appointments Service.

(3) The appointment shall either—

( a) be on such terms (including terms as to remuneration, duration of term and allowances for expenses) as the Minister may, with the consent of the Minister for Public Expenditure and Reform, determine and be subject to the Public Service Management (Recruitment and Appointments) Act 2004, or

( b) be on such other terms (including terms as to remuneration, duration of term and allowances for expenses) as may be determined by the Board of ReBo and approved by the Minister with the consent of the Minister for Public Expenditure and Reform.

(4) The Chief Executive shall—

( a) implement the policies and decisions of ReBo,

( b) manage and control generally ReBo’s staff, administration and business, and

( c) perform such other functions as may be required or as may be duly authorised by the Board of ReBo under this Part.

(5) The Chief Executive shall be responsible to the Board of ReBo for the performance of the Chief Executive’s functions.

(6) The Chief Executive shall not be a member of the Board of ReBo, but may, in accordance with procedures established by the Board, attend meetings of the Board and shall be entitled to speak at and give advice at such meetings.

(7) The Chief Executive shall provide the Board of ReBo with such information, including financial information in respect of the performance of the Chief Executive’s functions, as the Board may require.

(8) The Chief Executive shall not hold any office or occupy any other position in respect of which remuneration is payable, or carry on any business, without the consent of the Board of ReBo and the approval of the Minister.

(9) Such of the functions of the Chief Executive as the Chief Executive may specify, may, with the consent of the Board of ReBo, be performed by such member or members of the staff of ReBo as the Chief Executive may authorise for that purpose.

(10) The functions of the Chief Executive may be performed during the Chief Executive’s absence or when the post of Chief Executive is vacant by such member or members of the staff of ReBo as the Board of ReBo may authorise for that purpose.