(1) The Corporation
shall have a board of directors comprising —
(a) as
chairperson, the Under Treasurer for the time being;
(b) as
deputy chairperson, an officer of the Treasury from time to time nominated by
the Under Treasurer;
(c) the
chief executive officer, or the acting chief executive officer, of the
Corporation for the time being; and
(d) up
to 3 other persons with relevant commercial or financial experience appointed
by the Minister.
(2) The board, in the
name of the Corporation, shall perform the functions of the Corporation under
this Act or any other written law.
[Section 5B inserted: No. 25 of 1998 s. 7(1);
amended: No. 28 of 2006 s. 439 and 450.]