(i) The appointment, career development and disciplining of staff;
(ii) The proper management of the Corporation’s finances and assets;
(iii) To perform such other functions that are incidental to the functions
of the Corporation or as may be approved by the Minister in
writing, on the recommendations of the Board.
(2) That the Board may, subject to such conditions and restrictions as it may
impose, delegate any of its functions under sub-section (1) to a Committee of the
Board or to the Managing Director.
9.
Meetings of Board
(1) The Board shall meet for the discharge of its duties at least once every three
months or upon the request in writing to the Chairperson by at least four Directors,
and shall meet at such time and place as the Chairperson may determine.
(2) The Chairperson shall preside at all meetings of the board at which he or
she is present and in his or her absence, such Director other than the Managing
Director, as the Directors present at the meeting may elect, shall preside.
(3) Four Directors, including the Chairperson, shall form a quorum at every
meeting of the Board.
(4) The Board may invite any person to act as consultant or adviser at any of its
meetings.
(5) Questions proposed by the Board shall be determined by a simple majority
of votes of the members present and voting, and in the case of an equality of votes;
the person presiding at the meeting shall have a second or casting vote.
(6) Any Director who has any personal interest in any transaction of the Board
or any matter before the Board shall disclose the nature of his or her interest to the
Board, and shall be disqualified from taking part in the deliberations of the Board
with respect to that transaction or matter; and failure to make the disclosure required
by this section may constitute a sufficient reason for removal of that member from
the Board.
(7) Subject to the provisions of this section, the Board may regulate its own
procedure.
10. Remuneration of Directors
The Directors or any other person attending any meeting of the Board may be paid
such remuneration or allowance as the Minister may determine.
PART IV—STAFF OF THE CORPORATION.