(1) Subject to subsection (2), the Board may delegate a function or power conferred on the Board—
(a) to a specified person or body; or
(b) to a person occupying or acting in a specified office or position.
(a) may be made subject to conditions or limitations specified in the instrument of delegation; and
(b) may, if the instrument of delegation so provides, be further delegated; and
(c) is revocable at will and does not prevent the Board from acting in a matter.