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Fri 07 Jul 2009Agency's form to resemble typical semi-State body
STRUCTURE:THE PROVISIONS of the Bill contain details on how the new agency will operate. In terms of corporate structure, Nama will resemble a typical semi-State body.
A seven-member board will be appointed by the Minister and the chief executive officers of the agency and the National Treasury Management Agency (NTMA). Board members will be required to have “expertise and experience at a senior level” in one or more of these specific areas: finance and economics; law, valuation and risk management.
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