Chief Executive Officer

(1) The Board shall appoint a person with academic qualification and experience in economics, finance, banking or law as the Chief Executive Officer of the Corporation. (2) The Board may appoint, re-appoint or extend the appointment of a Chief Executive Officer for a maximum period of five years at a time. (3) A person shall not be appointed or continue to hold an appointment as the Chief Executive Officer unless that person Schedule I. 11 satisfies the qualification for a Board membership set out in paragraph 2 of Schedule I. (4) The Chief Executive Officer shall be responsible for– (a) managing or conducting the daily operations of the Corporation in accordance with the policies, strategies, plans and decisions of the (b) implementing the approved policies, strategies, decisions, regulations, rules of procedure and decisions of the Board; (c) recommending the policies, strategies, decisions, regulations and procedure for approval by the Board; (d) preparing the financial statements, annual reports and proposed annual budget of the (e) managing the staff of the Corporation; (f) representing the Corporation and executing documents on behalf of the Corporation with the approval of the Board; and (g) performing other functions and duties assigned in accordance with this Act. (5) The Chief Executive Officer shall be appointed on a full- time basis and shall not engage in any other business or occupation, whether or not for gain, except in exceptional circumstances and with the approval of the Board.