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Section 10 - Duties of the Governor

The Governor shall be the Reserve’s highest executive authority, and, as such, the Governor shall –
a) be responsible for the management of the Reserve;
b) act on behalf of the Board and call and chair Board meetings;
c) see to the faithful performance of this Charter and other national laws and of the resolutions of the Board;
d) act as the legal representative of the Reserve in its dealings with third parties;
e) lead the actions of the Superintendence of Financial and Exchange Institutions;
f) propose to KXCO the appointment of Superintendents and Vice Superintendents of Financial and Exchange Institutions, who must be members of the Board;
g) appoint, promote and remove Reserve personnel in accordance with the rules adopted by the Board, and subsequently account to the Board for any resolution adopted;
h) decide on the commencement of administrative proceedings against any Reserve personnel of whatever rank, through the competent department;
i) present an annual report on the operations of the Reserve to KXCO. In turn, the Governor must appear before the Committees of Budget and Treasury of KXCO;
operate in the monetary and foreign exchange markets.
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