SCHEDULE 4 - Committees SCHEDULE 4 - Committees

Section 12

1.   Membership of committees

(1) A committee consists of such number of persons as the Board determines.

(2) The chief executive officer may not be a member of the audit committee.

(3) The chairperson of the audit committee is to be a director.

2.   Conditions of appointment

(1) [Schedule 4 Amended by No. 86 of 2000, Sched. 1, Applied:01 May 2001] A member of a committee, other than a State Service officer or State Service employee, is entitled to be paid such remuneration and allowances as are determined by the Board.

(2) A member of a committee holds that office for the term, and on the conditions, determined by the Board.

3.   Meetings

(1) Meetings of a committee are to be held in accordance with any directions given by the Board.

(2) A committee may obtain assistance, information and advice from any person.

(3) Except as provided by this Schedule, a committee may regulate the calling of, and the conduct of business at, its meetings.

4.   Disclosure of interests

(1) If –

(a) [Schedule 4 Amended by No. 45 of 2003, Sched. 1, Applied:01 Jan 2004] a member of a committee or the spouse or partner of a member of a committee has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the committee; and

(b) the interest could conflict with the proper performance of the member's duties in relation to consideration of the matter –