§ 231. Appointment of Chief Executive Officer.
§ 232. Appointment of Chief Financial Officer.
§ 233. Appointment of Health and Safety Officer.
§ 234. Appointment of Other Officers and Staff.
Editor’s note: Section 3 of PL 15-8 enacted a new chapter 2 of title 27 entitled Federated States of Micronesia Petroleum Corporation Act of 2007. While section 3 of PL 15-8 did not create subchapters for this chapter the numbering of the sections indicated an intent to have the chapter subdivided into subchapters. This has been done for easier reference and to comport with standard code format.
The CEO shall appoint, with the concurrence of the Board, a Chief Financial Officer, for such term as shall be directed by the Board. He shall receive and disburse all funds of the Corporation. The Chief Financial Officer shall serve at all times under the direct supervision of the CEO.
The CEO shall appoint, with the concurrence of the Board, a Health and Safety Officer. The Health and Safety Officer, whose duties may be combined with those of another position, shall be responsible for ensuring compliance with all health, safety and environmental laws and for developing, with input from the Board and the Executive Council, health, safety and environmental policies for the day-to-day operation of the Corporation.
To the extent consistent with this chapter, the CEO may appoint, retain and terminate, on such terms and conditions as the Board may determine, such officers, employees, agents, or consultants as may be necessary or expedient for carrying out the functions and duties of the Corporation.