7Chief executive officer

#### 7 Chief executive officer 7 Chief executive officer > > (1) The chief executive officer of the Corporation is to be appointed by the board but only with the approval of the voting shareholders. > > > (2) Subject to this section, the chief executive officer holds office for such term not exceeding 5 years as may be specified in the instrument of appointment, but is eligible (if otherwise qualified) for re-appointment. > > > (3) The voting shareholders may remove a person from office as chief executive officer, at any time, for any or no reason and without notice. > > > (4) The chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine with the approval of the voting shareholders. > > > (5) The board may, with the approval of the voting shareholders, fix the conditions of employment of the chief executive officer in so far as they are not fixed by or under any other Act or law. > > > (6) The board may require the chief executive officer to enter into performance agreements. > > > (7) The chief executive officer may delegate any functions of the chief executive officer to an employee of the Corporation, but this power is subject to any directions of the board. > > > (8) The [Government Sector Employment Act 2013](/view/html/inforce/current/act-2013-040) (Part 6 included) does not apply to the chief executive officer. > > > (9) The provisions of section 20K of the SOC Act, and of Schedule 9 to that Act, do not apply to the chief executive officer. > > **s 7:** Am 2015 No 58, Sch 3.36 \[2\].