Cap. 10:31 19 PUBuc EN11TIES CoRPORATE GovERNANCE No. 4/2018 Conditions of service of senior staff of public entities (1) The conditions of service of chief executive officers and other senior staff members of public entities shall(a) be fixed by the boards of the entities concemed at properly constituted meetings; and (b) be consistent with the staff members' performance contracts; and (c) specify clearly any terminal benefits to which the staff members are entitled; and (d) be recorded fully in the minutes of the meetings at which the conditions are fixed. (2) For the purpose of ensuring that, so far as is practicable, conditions of service fixed for chief executive officers and other senior staff members of public entities are(a) fair and appropriate, due regard being had to their qualifications and experience and the functions they are expected to perform; and (b) reasonably consistent as between different public entities; the Minister, may formulate model service conditions applicable to chief executive officers and senior staff members of all public entities or any particular class of such entities. (3) In formulating model service conditions in terms of subsection (2), the Minister shall, through the line Ministers concerned, consult the heads of line 1v1inistries concemed and shall pay due regard to(a) the capacity of the public entities concerned to comply with the conditions; and (b) conditions applicable to senior employees of well-managed companies and other entities of similar size that perfonn similar functions in the ptivate sector; and (c) the need to ensure that the public entities concerned cany out their operations economically without sacrificing their efficiency and effectiveness. (4) The Minister shall not formulate model service conditions that are inconsistent with this Act or the enabling instruments of the public entities concemed. (5) The Minister may from time to time amend or replace model service conditions, and subsections (1) to (4) shall apply, with any necessary changes, to any such amendment or replacement. (6) As soon as possible after formulating, amending or replacing any model service conditions in terms of this section, the Minister shall, after obtaining Cabinet's approval, keep a copy of the model service conditions and of any amendment or replacement(a) at the Minister's offices, where it may be inspected by members of the public, free of charge, at all reasonable times during the Minister's business hours; and (a) available in electronic fom1 for inspection by members of the public on the website of the Ministry and the Unit. (7) When fixing the service conditions of a chief executive officer or senior staff member of a public entity, a board shall not, without the line 1viinister 's written approval given in accordance with subsection (9), depart from any applicable model service conditions formulated in terms of tllis section. 91