National Development Corporation Act, 1986

Staff of Corporation.

27.—(1) The directors of the Corporation shall appoint such and so many persons to be officers and servants of the Corporation as the Corporation from time to time thinks proper.

(2) An officer or servant of the Corporation shall hold his office or employment on such terms and conditions as the Corporation from time to time determines.

(3) There shall be paid by the Corporation to its officers and servants such remuneration and allowances for expenses as the Corporation thinks fit, subject to, in the case of its managing director (whether that officer is described as the managing director or otherwise), the approval of the Minister given with the consent of the Minister for the Public Service.

(4) In determining the remuneration or allowances for expenses to be paid to its officers or servants or the terms or conditions subject to which such officers or servants hold or are to hold their employment, the Corporation shall have regard either to Government or nationally agreed guidelines which are for the time being extant, or to Government policy concerning remuneration and conditions of employment which is so extant, and, in addition to the foregoing, the Corporation shall comply with any directives with regard to such remuneration, allowances, terms or conditions which the Minister may give from time to time to the Corporation with the consent of the Minister for the Public Service.