Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 Employees, fund managers and consultants to disclose certain connections and interests 16. Paragraph 9 shall apply, with any necessary changes, to persons employed, engaged or retained by the Board in terms of sections 8 and 9 and paragraph 15. SECOND SCHEDULE (Section 7(2)) ANCILLARY POWERS OF BOARD 1. To acquire premises necessary or convenient for the exercise of its functions and, for that purpose, to buy, take in exchange, hire or otherwise acquire immovable property and interests in and rights over such property. 2. To buy, take in exchange, hire or otherwise acquire movable property. 3. To maintain, alter and improve any of its property. 4. To mortgage or pledge any of its assets and to sell, exchange, let, dispose of, turn to account or otherwise deal with any assets which are not required for the exercise of its functions, for such consideration as the Board may determine. 5. To draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange, bills of lading, securities and other negotiable or transferable instruments. 6. To insure against losses, damages, risks and liabilities which it may incur. 7. To borrow moneys for the purposes of the Fund, and to charge any of the Fund’s investments as security for any such loan. 8. To make contracts and enter into suretyships or give guarantees, and to modify or rescind such contracts or rescind such suretyships or guarantees. 9. To enter into, renew, cancel or abandon arrangements with any person or authority to act as the Corporation’s agent in any place, whether inside or outside Zimbabwe. 10. To do anything for the purpose of improving the skill, knowledge or usefulness of its employees. 11. To provide such services as it considers it can properly provide, and to charge for those services such fees as it may determine from time to time. 12. Generally, to do anything that is calculated to facilitate or is incidental or conducive to the performance of its functions under this Act or any other enactment. THIRD SCHEDULE (Section13) SANTIAGO PRINCIPLES GAPP 1 1. The legal framework for the SWF should be sound and support its effective operation and the achievement of its stated objective(s). (a) GAPP 1.1 Sub-principle The legal framework for the SWF should ensure the legal soundness of the SWF and its transactions. (b) GAPP 1.2 Sub-principle The key features of the SWF's legal basis and structure, as well as the legal relationship between the SWF and the other state bodies, should be publicly disclosed. GAPP 2 23