Second Schedule, part 2, The National Commission for Privatisation Act, 2002

"5(1) The governing body of the Authority shall be a Board of Directors which shall consist of a Chairman and the following other members:— (a) a representative each of the following bodies elected by the bodies concerned:— (i) the Chamber of Commerce Industry, and Agriculture; No. 12 National Commission for Privatisation Act 2002 21 (ii) the association of manufacturers, (iii) the association of bankers; (iv) the association of professional engineers; (b) two persons appointed for their knowledge and expertise in such fields relating to energy and power as the Commission shall determine who shall be appointed by the President on the recommendation of the Commission and subject to the approval of Parliament". (2) The Chairman and the other members of the Board shall hold office for a term of four years and shall be eligible for re-appointment. (3) The Chairman shall preside at every meeting of the Board but in his absence a member of the Board nominated by the members present and voting from among themselves shall preside. (4) The members of the Board shall be paid such remuneration. fees and allowances as may be determined by the Commission after consultation with Parliament. (5) Any member of the Board who at any time after his appointment— (a) accepts or continues to hold office or employment with the Authority; or 22 No. 12 National Commission for Privatisation Act 2002 (b) becomes bankrupt; or (c) is convicted of an offence involving fraud or dishonesty; or (d) is adjudged to be a person of unsound mind or otherwise incompetent to act as a member; or (e) fails to attend three consecutive meetings of the Board without reasonable cause allowed by the Board; or (f) resigns his office by written notice to the Commission, shall cease to be a member of the Board. (6) Where the President is satisfied that the conduct of a member of the Board is detrimental to the effective and economic performance of the functions of the Authority, the President may remove that member from the Board." 6. Sierra Leone Housing Corporation Act, 1982 (Act No. 5 of 1982) Section 1: (a) Delete the definition of "Minister" (b) Insert the following definition:— "Commission" means the National Commission for Privatisation established by the National Commission for Privatisation Act, 2002". No. 12 National Commission for Privatisation Act 2002 23 (c) Substitute "Commission" for "Minister" everywhere in the Act, except section 1.