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Agricultural Bank of Namibia Amendment Act, 2004 (No. 22 of 2004).

Country/Territory
Namibia
Document type
Legislation
Date
2004
Source
FAO, FAOLEX
Original source
Government Gazette of the Republic of Namibia No. 3355, 22 December 2004, pp. 1-4.
Long title
An Act to amend the Agricultural Bank of Namibia Act, 2003, so as to further regulate the term of office of members of the Board of Agribank and the power of the Minister to remove a member from office; to vest in the Minister the power for appointment of the chairperson and vice-chairperson of the Board; to provide that performance criteria to be specified in an agreement which the Chief Executive Officer is required to conclude with the Board must be determined by the Board in consultation with the Minister and the Minister responsible for agriculture; and to provide for matters incidental thereto.
Subject
Agricultural & rural development
Keyword
Institution Special fund Contract/agreement
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

This Act amends the Agricultural Bank of Namibia Act with respect to appointment of members of the Board of the Bank, the appointment of the Chief Executive Officer by the Board and a written agreement that Chief Executive Officer must conclude with the Board in which he or she undertakes to comply with performance criteria specified in that agreement. These criteria shall be determined by the Board in consultation with the Minister of Finance and the Minister responsible for agriculture.

Full text
English
Website
www.parliament.gov.na

References - Legislation

Amends

Agricultural Bank of Namibia Act, 2003.

Legislation | Namibia | 2003 (2006)

Keyword: Institution, Special fund, Credit, Agricultural land, Agricultural development, Subsidy/incentive

Source: FAO, FAOLEX