Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)Chapter 2 : Board of Directors and Employees of Corporation6. Corporation managed by Board of Directors |
| (1) | The affairs of the Corporation are managed and controlled by a Board of Directors consisting of— |
| (a) | nine non-executive members; |
| (b) | two executive members, namely a Chief Executive Officer and a Chief Financial Officer; and |
| (c) | [Subsection (1)(c) deleted by section 1 of Act No. 16 of 2005] |
| (2) | The Board is the accounting authority for the Corporation as contemplated in section 49(2)(a) of the Public Finance Management Act. |