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Chapter – 5 Provision relating to Executive Director and staffs

Chapter – 5 Provision relating to Executive Director and staffs
19. Executive director :

(1) The Committee shall, for conducting the daily business of the Fund, appoint a person in the post of Executive Director on the basis of open competition from amongst the persons who have gained at least Seven years experience in the field of economic development or poverty alleviation after having obtained a Master’s degree in Economics,
Management or Sociology.
(2) Notwithstanding anything contained in Sub-section (1), the Committee may, until the office of Executive Director is filled, appoint a person who has fulfilled the qualification as mentioned in Sub-section (1)
in the post of Executive director for a maximum period of six months.
(3) The tenure of office of the Executive Director shall be five years.
(4) The remuneration, the condition and facilities of service of the Executive Director shall be as prescribed.
(5) Notwithstanding anything contained in Sub-section (3), if an Executive Director commits an act causing loss or damage to the Fund or the charge of corruption against him/her is proved or he/she has acted
against the policy or direction of the Committee, the Committee may, upon following the prescribed process, remove him/her from the office.
20. The functions, duties and powers of the Executive Director :

(1) The functions, duties and powers of the Executive Director shall be as follows;
(a) To implement or cause to implement the decision made by committee.
(b) To prepare the long- term and short- term plan, annual programme and budget of the Fund and submit it to the
Committee for its’ approval.
(c) To implement or cause to implement the plan and programme approved by the Committee.
(d) To supervise and monitor the daily business of the Fund and to perform the act compatible to the
objectives of the Fund.
(e) To monitor poverty alleviation programme implemented in the donation and support of the Fund
and to submit the progress report thereof to the Committee.
(f) To prepare annual and periodical report of the programme conducted by the Fund and to submit it to
the Committee.
(g) To mobilize internal and external resource in order to manage the money needed for the Fund.
(2) Save as provided in Sub-section (1) the other functions, duties and powers of the Executive Director shall be as prescribed.
21. Provisions relating to staffs : (1) There shall be staffs as required to operate the business of the Fund smoothly.
(2) The staffs of the Fund shall be appointed in contract as prescribed.
(3) The remuneration, facilities and the conditions of the service of the staffs shall be as prescribed.

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