OFFICERS AND EMPLOYEES
ARTICLE 45
OFFICERS
(1) The Board may appoint a Chief Executive Officer of the Credit Guarantee Corporation at such remuneration and on such terms and conditions as the Board may determine.
(2) The Chief Executive Officer shall be responsible to the Board for —
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(a) the day to day administration of the affairs of the Credit Guarantee Corporation;
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(b) assisting the relevant Committees of the Board in developing policy and procedures including strategic and business plans;
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(c) providing technical advice and guidance on matters of policy;
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(d) performing such functions as the Board may delegate;
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(e) submitting an annual and other reports to the Board.
(3) The Chief Executive Officer shall be an ex officio Director of the Board.
(4) The Board may appoint other Officers, including a Chief Financial Officer, as it considers necessary for the efficient performance of the functions of the Credit Guarantee Corporation, and shall determine their terms and conditions of employment.
ARTICLE 46
EMPLOYEES
The Credit Guarantee Corporation may appoint employees as it considers necessary for the efficient performance of its functions and shall determine their terms and conditions.