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Cap. 463 · Malta Enterprise Act (Cap. 463)

Cap. 463 Art. 16Committees.

PART IV

In KraftAmtlicher Text

(1) The Board may establish committees, with such terms of reference as may be decided by the Board, to assist and advise it in relation to the performance of any of its functions and may delegate to any such committee any of its functions, whether in whole or in part.

(2) The members of the committees shall be appointed and removed by the Board and shall consist of such number of members as the Board may deem proper. A committee may include persons who are not members of the Board or officers or employees of the Corporation. Members of a committee may be removed by the Board.

(3) A committee may, at any time, be dissolved by the Board: Provided that this subarticle shall not apply to the Audit Committee established under article 17.

(4) The Board may regulate the procedure of any committee.

(5) The acts of a committee shall be subject to confirmation by the Board save where the Board dispenses with the necessity for such confirmation.

(6) There shall be paid out of the income of the Corporation to members of a committee such allowances for expenses incurred by them in the discharge of their functions as the Board may determine with the consent of the Minister.