The Act of 1990 is amended by inserting the following sections after section 5:
(1) There shall be an Investment Committee of the Agency.
(2) The Investment Committee shall have the functions specified in section 41(5) of the National Treasury Management Agency (Amendment) Act 2014.
(3) The Investment Committee shall comprise -
(a) 2 of the appointed members nominated by the Agency, and
(b) not more than 5 persons who are not members of the Agency but who have acquired substantial relevant expertise and experience and who are appointed by the Agency with the consent of the Minister.
(4) No member of staff of the Agency may be appointed as a member of the Investment Committee.
(5) The Agency shall appoint one of the members of the Investment Committee appointed under subsection (3)(a) to chair the Investment Committee.
(6) A member of the Investment Committee appointed under subsection (3)(b) shall be paid such remuneration and such allowances for expenses incu
…