Clause 10

The management of the Corporation shall be vested in a Management Committee.

The Committee shall consist of —

The Minister shall appoint from among members mentioned in paragraphs (a) and (b) of subsection (2) of this section the Chairman and the Deputy Chairman of the Committee.

The Deputy Chairman may preside at meetings of the Board in the absence of the Chairman.

Each of the members referred to in subsection (2) of this section may, with the approval of the Minister, nominate one or more persons to be alternate members of the Committee one of whom may attend meetings of the Committee when the substantive member is temporarily unable to attend and when so attending such alternate member shall be deemed, for all purposes, to be a member of the Committee.

The members of the Committee appointed by the Minister under the provisions of this section shall, unless their appointment is revoked by the Minister under the provisions of subsection (8) of this section, or unless they resign during their period of office, hold office for a term of two years from the date of their appointment and shall be eligible for re-appointment. The appointment of the respective alternate members under the provisions of subsection (5) of this section shall be effective for the same period as the appointment of the respective substantive members.

Any member of the Committee who without reasonable cause absents himself from three consecutive ordinary or special meetings of the Committee and any member who has been found or declared to be of unsound mind or has become bankrupt or has made an arrangement with his creditors or has been sentenced to imprisonment shall be deemed to have vacated his office and the Minister shall be informed accordingly.

The Minister may at any time revoke the appointment of the Chairman or of any other member of the Committee.

The appointment of every member and alternate member of the Committee shall be published in the Gazette.