(1) Subject to the Health Secretary's approval, the Institute Board must—
(a) appoint a chief executive officer of the Institute; and
(b) determine the remuneration for the chief executive officer and the terms and conditions of the appointment.
(2) The functions of the chief executive officer are—
(a) to prepare material for consideration by the Institute Board, including strategic plans and statements of priorities; and
(b) to ensure that the Institute uses its resources effectively and efficiently; and
(c) to implement service development and planning; and
(d) to implement effective and accountable systems to monitor and improve the services provided by the Institute; and
(e) to ensure that any problem in relation to the quality, safety or effectiveness of services provided by the Institute is addressed in a timely manner; and
(f) to ensure that the Institute continuously strives—
(i) to improve the quality and safety of the services it provides; and
(ii) to promote innovation; and
(g) to manage the Institute in accordance with—
(i) the financial and business plans, strategies and budgets developed by the Institute Board; and
(ii) the instructions of the Institute Board; and
(h) to ensure that the Institute Board and the committees established or appointed by the Institute Board are assisted and provided with relevant information to enable them to perform their functions effectively and efficiently; and
(i) to ensure that the decisions of the Institute Board are implemented effectively and efficiently throughout the Institute; and
(j) to inform the Institute Board in a timely manner of any issues of public concern or risks that affect or may affect the Institute; and
(k) to inform the Institute Board, the Health Secretary and the Minister without delay of any significant issues of public concern or significant risks affecting the Institute; and
(l) any other functions specified by the Institute Board.
(3) The chief executive officer has the power to do all things that are necessary or convenient to be done to perform the chief executive officer's functions.
(4) The chief executive officer is subject to the direction of the Institute Board in controlling and managing the Institute.