(1) The board of directors must—
(a) appoint a chief executive officer of the Institute; and
(b) determine, subject to the Secretary's approval, the chief executive's remuneration and the terms and conditions of his or her appointment.
(2) The chief executive officer is subject to the direction of the board of directors in controlling and managing the Institute.
(3) The functions of the chief executive officer are—
(a) to prepare material for consideration by the board of directors, 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) any other functions specified by the board of directors.