Sri Lanka Consolidated Acts

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Regional Rural Development Banks Act (No. 15 of 1985) - Sect 32

Chairman to be the Chief Executive Officer Of the Bank

32.
(1) The Chairman shall be the Chief Executive Officer of the Bank.
(2) The Chairman shall, subject to the general direction and control of the Board be charged with the direction of the business of the Bank, the organization and execution of the powers of the Bank and the administration and control of the employees of the Bank.
(3) The Chairman, may, with the approval of the Board, whenever he considers it necessary to do so, delegate, in writing, to any officer or servant of the Bank any power, function or duty conferred or imposed or assigned to him by this Act, and such officer or servant shall exercise, discharge and perform such power, function or duty, subject to the general or special directions of the Chairman.


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