Managing director
14 Managing director
On the expiration of the term of office of the initial managing director, the Board is to renew the appointment of the initial managing director or appoint a new managing director.
The day-to-day affairs of the Trust are to be managed by the managing director in accordance with the directions of the Board.
The State Service Act 2000 does not apply to the managing director.
The managing director is entitled to be paid the remuneration and allowances specified in the instrument of appointment.
The managing director holds office – for as long as the Board considers appropriate; and on the conditions specified in the instrument of appointment.
The appointment of a person as managing director is not invalid merely because of a defect or irregularity in relation to the appointment.
The appointment of a person as managing director may be revoked in accordance with the instrument of appointment.
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