Western Australian Consolidated Acts

INSURANCE COMMISSION OF WESTERN AUSTRALIA ACT 1986 - SECT 29

29 .         Board of directors

        (1)         The Corporation shall have a board of directors comprising — 

            (a)         the managing director who shall be a director and the chairman of the board ex officio ; and

            (b)         not less than 2 nor more than 4 other persons appointed as directors by the Commission.

        (2)         One of the directors referred to in subsection (1)(b) shall be appointed by the Commission to be deputy chairman of the board of directors.

        (3)         The board of directors is the governing body of the Corporation with authority, in the name of the Corporation, to exercise and perform the powers, functions and duties conferred or imposed on the Corporation under this Act.

        (4)         Schedule 2 shall have effect with respect to the board of directors and the directors of the Corporation and with respect to the acts, proceedings and determinations of the board of directors.

        (5)         A director of the Corporation referred to in subsection (1)(b) shall be paid out of the funds of the Corporation such remuneration and travelling and other allowances as are determined in the case of that director by the Minister on the recommendation of the Commission.