National Infrastructure Fund Act

18. Role of the Board

Edition: 2026-03-11 · In force

The Board shall be responsible for—

(a)mobilizing resources for the Fund;

(b)entering into contracts on behalf of the Fund;

(c)appointment and removal of the Chief Executive Officer;

(d)determination of the terms and conditions of employment of the staff of the Fund, subject to such guidelines as the Cabinet Secretary may issue;

(e)setting of the Fund strategic direction and approval of strategic plans;

(f)approving of annual budgets and the related funding for Fund level;

(g)setting key performance indicators for the Chief Executive Officer;

(h)establishment of risk governance and risk management systems and processes;

(i)establishing and overseeing internalthe control systems;

(j)performance evaluation of the Chief Executive Officer; and

(k)succession management framework.