Sri Lanka Consolidated Acts

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National Institute Of Business Management(Amendment) Act (No. 28 of 1991) - Sect 4

Replacement of section 6 of the principal

4. Section 6 of the principal enactment is hereby repealed and the following section substituted therefor:
6.
(1) The Institute shall have a Governing Council (hereafter in this Law referred to as the" Council", consisting of the following members: "
(a) eight exofficio members, namely"
(b) three members to be appointed by the Minister; two of them being persons with a minimum of ten years experience in business management and who have achieved distinction in the field of high level management and the other being a person with a minimum of ten years experience in industrial relations and trade union activities and has achieved distinction in that field.
(2) The Minister shall appoint one of she members of the Council other- than the Director-General as the Chairman
(3) If the Chairman of the Governing Council is by reason of illness or absence from Sri Lanka, temporarily unable to perform the duties of his office, the Minister may nominate another member of the Governing Council act in his place
(4) The Minister may, without assigning any reason therefor, terminate the appointment of the Chairman.
(5) The Chairman may at any time resign from office by letter addressed to the Minister, such resignation shall take effect upon it being accepted by the Minister in writing.
(6) Subject to the provisions of subsections (4) and (5), the term of office of the Chairman shall be his period of membership of the Governing Council.
(7) A person shall be disqualified from being appointed or from continuing as a member of Council"
(a) if he is or becomes a Member of Parliament, or a Member of Provincial Council; or
(b) if he, directly or- indirectly,, holds or enjoys any right to benefit under any contract made by or on behalf of the Institute; of
(c) if he has any such financial or other interest as is likely to affect prejudicially the discharge by him of his function as a member of Council.'.


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