7. Chairman, Secretary and members.-

(1)

The Chairman, Secretary and members shall be appointed by the Federal Government. 

(2)

The Chairman shall be responsible for the day to day administration of the affairs of the Commission.

(3)

The Chairman shall be an eminent professional of known integrity and competence with qualifications or experience in privatisation or any related field, including business, management, finance, or law. The Secretary and other members shall be professionals of known integrity and competence with qualifications or experience in privatisation or any related field, including business, management, finance, or law.

(4)

The Chairman and Secretary shall be paid such remuneration and allowances and shall be entitled to such privileges and facilities as the Federal Government may determine, which shall not be varied to their disadvantage during their term of office. The members shall be entitled to such privileges and facilities as the Federal Government may determine.

(5)

The Chairman, Secretary and other members shall, unless they resign or are removed from office earlier by the Federal Government, hold office for such period as may be determined by the Federal Government.

(6)

No person shall be appointed or continue as a Chairman, Secretary or member if he-

(a)

has been convicted of an offence involving moral turpitude or has been found guilty of misconduct;

(b)

has been or is adjudged insolvent;

(c)

is incapable of discharging his duties by reasons of physical or mental unfitness and has been so declared by a  Special Medical Board appointed by the Federal Government; or

(d)

fails to disclose any conflict of interest at or within the time provided for such disclosure by or under this Ordinance or contravenes any of the provisions of this Ordinance pertaining to unauthorized disclosure of information.

(7)

The Chairman, Secretary or a member may at any time resign his office by a written notice addressed to the Federal Government. The office of the Chairman, Secretary or a member shall become vacant upon the death or resignation of the Chairman, Secretary or a member. A vacancy caused by resignation or any other reason shall be filled by the appointment of a person qualified to fill such vacancy.

(8)

The Chairman shall not, during his term of office, engage himself in any other service, business, vocation or employment in respect of or relating to privatisation activity and before the expiration of two years thereof enter into the employment of, or accept any advisory or consultancy relationship with, any person engaged in any privatisation. 

(9)

The Chairman, Secretary or a member shall not have any direct or indirect financial interest, or have any connection with any person engaged in privatisation for so long as he holds office and for a period of two years thereafter.

(10)

The Secretary of the Commission shall exercise all the powers of a Secretary to the Federal Government.