No. 4/2018 PuBLic E!';'nTIES CoRPORATE GovERNANCE Cap.10:31 Provided that no such penalty shall exceed a fine of level fourteen or imprisonment for a period of five years or both such fine and such imprisonment. (3) Before making regulations in terms of subsection (1) the Minister shall consult all line Ministers whose public entities will be affected by the regulations. 45 Amendment of First and Second Schedules (1) Subject to subsection (2), the Minister may by statutory instrument amend- (a) (b) the First Schedule in order to reflect any changes made to the National Code of Corporate Governance Zimbabwe, and in so doing may, after consultation with line Ministers, specify that any part of the Code (as amended or not) shall be binding on public entities or any class thereof as if enacted by way of regulations; the Second Schedule in order to(i) extend the application or improve the efficacy of codes of good govemance; or (ii) give effect to generally accepted standards of good corporate governance. (2) The Minister shaH not publish a statutory instrument in terms of subsection ( 1) unless(a) he or she has given not less than two months' notice in the Gazette and in one or more newspapers circulating generally in Zimbabwe, of the substance of the proposed amendment and has paid due regard to any conunents and suggestions he or she may have received from members of the public regarding the proposal; and (b) 46 the National Assembly has passed a resolution approving the amendment. Savings and transitional provisions ( 1) Within two months after the fixed date, the chief executive officer of every public entity shall provide the Unit, in writing, with the following patticulars(a) in regard to all the members of the entity's board(i) their names and addresses; and (ii) which of them are executive members and which are independent members; and (iii) the dates on \vhich they were first appointed to the board and the dates on which their current tenns of office expire; and (iv) their terms and conditions of service, in particular their cuiTent remuneration, allowances and benefits; (b) in regard to himself or herself and employees of the entity concemed holding office on the next two levels of management below the level of chief executive officer(i) their names and addresses; and (ii) the dates on which they were first appointed to their cutTent positions and, where applicable, the dates on which their current terms of office expire; and (iii) their terms and conditions of service, in particular their cunent remuneration, allowances and benefits; and the line Minister shall ensure compliance vvith this subsection. 110