Cap. 10:31
Punuc EN1111ES
CoRPORATE GovERNANCE
No. 4/2018
(2) The reason, nature and extent of every exemption in favour of a public entity
must be notified in the annual report of the entity immediately following the grant of
the exemption.
(3) The head of the Unit shall ensure that a list of all exemptions grdnted in
terms of subsection ( l ), specifying their terms and conditions and the reason why they
were granted, is kept at the Unit's offices where it may be inspected by members of
the public at all reasonable times during the Unit's business hours. In addition, the list
of exemptions shall be kept available in electronic form for inspection by members of
the public on the website of the Unit.
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Regulations
(1) Subject to subsection (3), the Minister may by regulation prescribe anything
which by this Act is required or pe1mitted to be prescribed or which, in his or her
opinion, is necessary or convenient to be prescribed in order to give effect to this Act.
(2) Without derogating from the generality of subsection (l), regulations made
in terms of subsection (1) may provide for(a) induction programmes and programmes to enhance the efficiency and
etTectiveness of board members;
(b)
the standard remtmeration for civil servants serving as board members;
(c)
the establishment of one or more directories or databases of potential
candidates for appointment to boards;
(d)
the qualifications and experience required for appointment as a senior staff
member of any public entity or class of public entities, and the procedures
to be followed in such appointments;
(e)
measures, including training programmes, to enhance the efficiency and
effectiveness of senior staff members of public entities;
(f)
the disclosure of remuneration, allowances and benefits paid to board
members and senior staff members of public entities;
(g)
the recovery of amounts paid unlawfully by public entities to their board
members and senior staff members;
(h)
the establishment of committees by boards of public entities and the
responsibilities and functions of such committees;
(i)
reports to be submitted by boards or chief executive officers of public
entities to the Unit or to their line .Ministers;
(j)
the stakeholders or classes of stakeholders that may be invited to annual
general meetings for the pmpose of section 33(3)(f);
(k)
measures for safeguarding the confidentiality of, and securing authorised
access to, declarations of assets by board members and senior staff of
public entities;
(l)
the circumstances in which the Secretary to the Treasury is empowered
to recover by means of a surcharge raised under the Third Schedule from
a public entity or from persons who are in the employment of a public
entity, or arc members of its board, or who were in such employment or
were such members, any public resources (as defined in that Schedule) that
have been misused, lost or destroyed by the public entity or its employees,
agents or board members;
(m) the regular rating of public entities for their corporate govemance and
the publication of such ratings and the critetia by which the entities are
rated;
(n)
penalties for contraventions of the regulations:
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