4(1)A regional development agency may appoint such officers and employees as it may determine, subject to sub-paragraph (2).
(2)Appointments to the position of chief executive of a regional development agency shall be made as follows—
(a)the first appointment shall be made by the Secretary of State after consultation with the chairman (or chairman designate) of the agency, and
(b)subsequent appointments shall be made by the agency with the consent of the Secretary of State.
(3)A regional development agency may—
(a)pay such pensions, allowances or gratuities to or in respect of any persons who are or have been its officers or employees as it may, with the approval of the Secretary of State, determine,
(b)make such payments as it may so determine towards provision for the payment of pensions, allowances or gratuities to or in respect of any such persons, and
(c)provide and maintain such schemes as it may so determine (whether contributory or not) for the payment of pensions, allowances or gratuities to or in respect of any such persons.
(4)Any reference in sub-paragraph (3) to pensions, allowances or gratuities to or in respect of any such persons as are mentioned in that sub-paragraph includes a reference to pensions, allowances or gratuities by way of compensation to or in respect of any of the agency’s officers or employees who suffer loss of office or employment or loss or diminution of emoluments.