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> Article 25
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III. The Reserve Bank |
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| 3.1 Structure of Bank | ||
| Article 25- Board of Directors (of Divisions) | ||
| 25.1 | Board of Directors (of Divisions) | |
| The Board of Directors of Divisions shall be a board of individuals selected by the Treasurer and ratified by the Board of Governors to head the permanent departments and uphold the laws regarding the critical systems of the Bank. The tenure of a Director shall be at the sole discretion of the Board of Governors upon the recommendation of the Treasurer. | ||
| In order to fulfill its primary objectives, the Board of Directors of Divisions shall comprise of Directors of the following permanent organs and any such other organs deemed necessary by amendment to this Charter: | ||
| Comptroller General Administration Division (GAD) Strategic Ratings Division (SRD) Assets Exchange Division (AEX) Capital Redemption Division (CRD) Budget Planning Division (BPD) Accounting Standards Division (ASD) Risk Underwriting Division (RUD) Globe Relief and Reconstruction Agency (GRRA) Globe Dispute Settlement Exchange (GDSX) |
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| 25.2 | Functions and Powers | |
| Each Director of a Division of the Bank shall be vested with the sole authority of the good management of the systems, accounts, procedures and staff of their respective division. | ||
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