South African Postbank SOC Limited Act, 2010 (Act No. 9 of 2010)Chapter IV : Control and Management of Company11. Functions of Board |
The Board —
| (a) | must give effect to the corporate plan of the Company as contemplated in section 52 of the Public Finance Management Act in order to achieve the objectives of the Company; |
| (b) | is the accounting authority of the Company; |
| (c) | provides guidance to the managing director and personnel of the Company concerning the exercise of the functions of the Company; |
| (d) | must notify the Minister immediately of any matter that may prevent or materially affect the achievement of the objects or financial targets of the Company; and |
| (e) | generally, must refer to the Minister any matter that may adversely affect the functioning of the Company. |