Economic Development Act 2012
sec.131Board’s functions
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sec.131 Board’s functions
The board has the following functions— to decide the objectives, strategies and policies to be followed by MEDQ; to ensure MEDQ substantially complies with its strategic plan and operational plan under the Financial Accountability Act 2009 for a financial year; to perform the functions of MEDQ that are— identified in a document mentioned in paragraph (b) ; and delegated by MEDQ to the board under section 169 (1) (c) ; to ensure MEDQ adopts best practice corporate governance, financial management and accountability arrangements; to monitor, and report to MEDQ about, the performance of MEDQ’s functions and the exercise of MEDQ’s powers; to ensure MEDQ complies with its obligations under this Act or another law. The board also has any other function given to the board under this Act or another Act. s 131 sub 2024 No. 32 s 49 (sec.131-ssec.1) The board has the following functions— to decide the objectives, strategies and policies to be followed by MEDQ; to ensure MEDQ substantially complies with its strategic plan and operational plan under the Financial Accountability Act 2009 for a financial year; to perform the functions of MEDQ that are— identified in a document mentioned in paragraph (b) ; and delegated by MEDQ to the board under section 169 (1) (c) ; to ensure MEDQ adopts best practice corporate governance, financial management and accountability arrangements; to monitor, and report to MEDQ about, the performance of MEDQ’s functions and the exercise of MEDQ’s powers; to ensure MEDQ complies with its obligations under this Act or another law. (sec.131-ssec.2) The board also has any other function given to the board under this Act or another Act.
- (a) to decide the objectives, strategies and policies to be followed by MEDQ;
- (b) to ensure MEDQ substantially complies with its strategic plan and operational plan under the Financial Accountability Act 2009 for a financial year;
- (c) to perform the functions of MEDQ that are— (i) identified in a document mentioned in paragraph (b) ; and (ii) delegated by MEDQ to the board under section 169 (1) (c) ;
- (i) identified in a document mentioned in paragraph (b) ; and
- (ii) delegated by MEDQ to the board under section 169 (1) (c) ;
- (d) to ensure MEDQ adopts best practice corporate governance, financial management and accountability arrangements;
- (e) to monitor, and report to MEDQ about, the performance of MEDQ’s functions and the exercise of MEDQ’s powers;
- (f) to ensure MEDQ complies with its obligations under this Act or another law.
- (i) identified in a document mentioned in paragraph (b) ; and
- (ii) delegated by MEDQ to the board under section 169 (1) (c) ;