(1)  The Board must recommend to the Minister in writing –

(a) a person, other than a member of the Board, suitable for appointment as CEO; and

(b) the remuneration and allowances to be paid to the CEO.

(2)  The Minister is to consider the Board's recommendation under subregulation (1)(a) and –

(a) appoint as CEO the person recommended by the Board as suitable; or

(b) reject the Board's recommendation and request the Board to recommend another person for appointment.

(3)  The CEO is entitled to the remuneration and allowances determined by the Minister, taking into account the Board's recommendation under subregulation (1)(b) , and specified in the instrument of appointment.

(4)  The remuneration and allowances specified in the instrument of appointment are to be paid by the Board.