206 who has professional The Minister shall appoint a candidate (6) the functions of Chief Executive training, skills or experience to perform Officer. (7) The Minister shall not appoint any person to be a Chief Executive Officer - (a) (b) declared insolvent who has been adjudged or otherwise harged; and has not been rehabilitated or disc ent or who has made an assignment to or arrangem not been composition with, his creditors which has rescinded or set aside; (8) (c) offence of which who has been convicted of a criminal (d) a licence issued who holds or has a direct interest in or dishonesty is an element of the offence; under this Act. the Board, enter into a The Minister shall, in consultation with Executive Officer, specifying the written retention agreement with the Chief er. Executive Offic terms and conditions of employment of the Chief Removal of the Chief Executive Officer 14. Executive Officer if The Minister shall remove the Chief (a) dation justifying requested by the Board through a recommen (b) breaches the retention the Chief Executive Officer materially such removal; or agreement specified in section 13(8). Functions of the Chief Executive Officer qd) 15. sible for - rity shall be responThe Chief Executive Officer of the Autho (a) d; the execution of the decisions of the Boar