9Chief executive officer

#### 9 Chief executive officer 9 Chief executive officer > > (1) The chief executive officer of the Corporation is to be appointed by the board after consultation with the voting shareholders and the portfolio Minister. > > > (2) The board may remove a person from office as chief executive officer, at any time, for any or no reason and without notice, but only after consultation with the voting shareholders and the portfolio Minister. > > > (3) The chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine after consultation with the voting shareholders. > > > (4) The board may, after consultation with 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. > > > (5) 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. > > > (6) The [Government Sector Employment Act 2013](/view/html/inforce/current/act-2013-040) (Part 6 included) does not apply to the chief executive officer. > > > (7) Schedule 9 to the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) has effect with respect to the chief executive officer, subject to subsection (8). > > > (8) The provisions of section 20K of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), and of clauses 2, 3 and 6 of Schedule 9 to that Act, do not apply to the chief executive officer. > > **s 9:** Am 2015 No 58, Sch 3.55.