Functions of Governor and Deputy Governors

(1) The Governor and Deputy Governors shall owe their duty entirely to the Bank and shall not engage in any paid employment or professional or business activity outside of the duties of their respective offices except as permitted under sub- (2) Notwithstanding sub-section (1), the Governor and any Deputy Governor may, with the approval of the Minister– (a) serve on any committee or commission appointed by the Government to inquire into any matter affecting currency or banking or into any economic or financial matters relating to Belize; (b) serve on any international financial institution of which Belize is or becomes a member; and (c) serve on the Board of any company, corporation or other body in which the Government or the Bank holds stock or shares or otherwise participates. 18 (3) If the Governor or a Deputy Governor engages in any paid employment or professional or business activity outside the duties of his office contrary to sub-section (1), the Governor- General in the case of the Governor, and the Minister in the case of a Deputy Governor, may terminate his appointment.