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Government Business Enterprises Act 1995
12Role of Board
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12 Role of Board
[Section 12 Amended by No. 42 of 2002, s. 9, Applied:27 Nov 2002] A Board is responsible to the Portfolio Minister and Treasurer, jointly–
(a) for ensuring that the business and affairs of the Government Business Enterprise are managed and conducted in a manner that is in accordance with sound commercial practice; and
(b) for the performance by the Government Business Enterprise of its functions; and
(c) for the achievement by the Government Business Enterprise of its objectives as specified in this Act, any other Act and the corporate plan of the Government Business Enterprise.