s.5Appointment of senior officers
5
Section 5Part 3 — Management of Bank

Appointment of senior officers

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The Board shall appoint a general manager who shall be the chief executive officer of the Bank.
The general manager shall be appointed for such period and on such terms and conditions as the Board determines.
The Board shall appoint officers to be responsible for —
managing the loan portfolio and the loan administration process of the Bank;
managing and recording the funds of the Bank and managing all financial transactions of the Bank; and
establishing, maintaining and reviewing the internal controls established by the Bank in order to assess compliance with the established policies of the Bank.
The Board may also —
appoint such other officers and servants as it may determine are necessary to enable it to carry out its functions on such terms and conditions as it considers necessary;
pay to its officers and servants such remuneration and allowances as it thinks fit; and
pay to all officers in respect of them such pensions, or provide and maintain for them such pension schemes, as it so determines subject to the Public Service Pensions Law (2017 Revision).
The Cabinet may, subject to such conditions as he may impose, approve of the appointment of any public officer in the service of Government by way of secondment to any office with the Bank, and any public officer so appointed shall, in relation to pension, gratuity or other allowance and to other rights and obligations as a public officer, be treated as continuing in the service of the Government.

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