Indigenisation and Economic Empowerment Act updated as at 8th May 2015 9 Chief executive officer and staff of Board (1) The Board shall appoint, on such terms and conditions as it may fix, a person to be the chief executive officer of the Board and such members of staff as will enable the Board to carry out its functions in terms of this Act: Provided that the Minister, with the approval of the Public Service Commission, may assign persons employed in his or her Ministry to act as the chief executive officer and staff of the Board. (2) Without the authority of the Minister, no person shall be appointed by the Board as chief executive officer and no person shall be qualified to hold office as chief executive officer if he or she would be disqualified in terms of paragraph 1 of the First Schedule had that paragraph applied to him or her. (3) The appointment of the chief executive officer shall terminate if he or she would be required in terms of paragraph 3 of the First Schedule to vacate his or her office had that paragraph applied to him or her: Provided that his or her appointment shall not terminate on the ground that he or she has ceased to be a citizen of Zimbabwe or ordinarily resident in Zimbabwe, if the Minister has granted authority under subsection (2). (4) The chief executive officer shall, subject to the Board’s directions, supervise and manage the Board’s staff, activities, funds and property and perform such other functions on behalf of the Board as the Board may assign to him or her. (5) Any assignment of functions in terms of subsection (4)— (a) may be made generally or specially and subject to such conditions, restrictions, reservations and exceptions as the Board may determine; (b) may be revoked by the Board at any time; (c) shall not preclude the Board itself from exercising those functions. 10 Reports of Board (1) The Board— (a) shall, as soon as possible after the 31st December in each year, submit to the Minister an annual report upon matters the Board has dealt with during the previous year; (b) may at any time submit to the Minister a special report on any matter upon which the Board considers it desirable to report; and (c) shall submit to the Minister such other report as the Minister may require. (2) The Minister shall lay before Parliament the annual report submitted to him or her in terms of subsection (1)(a). 11 Minister may give Board directions in national interest (1) The Minister may give to the Board such policy directions in writing relating to the exercise by it of its functions as appear to the Minister to be requisite in the national interest. (2) The Board shall, with all due expedition, comply with any direction given to it in terms of subsection (1). - 12 -

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