Section 16: Term of a director of the Board
The Pakistan Sovereign Wealth Fund Act, 2023 · Financial Laws · in_force
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16. Term of a director of the Board.___ (1) Term of every director of the Board shall be five years from the date of his appointment. Director of the Board shall be eligible for reappointment for one or more additional terms. (2) No act, proceedings or decision of the Board shall be invalid by reason only of the existence of a vacancy in, or defect in the constitution of the Board.
Effective date: 2023-08-04
Related sections
Section 15: Composition of the BoardSection 17: Functions and responsibilities of the BoardSection 14: The BoardSection 18: Disqualifications of directors of BoardSection 13: Supervisory Council meetingsSection 19: Removal of director of the Board:___ (1) A director of the Board may be removed by the
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