Appointment and functions of the Board of Directors of a CFZ

(1) A CFZ developer shall appoint a Board of Directors and a CEO of a private sector managed zone to manage the affairs of that zone. (2) The Board of Directors of every private sector managed zone shall include a representative of the Ministry responsible for commercial free zones who shall have no right of vote. (3) The Board of Directors of a CFZ shall be responsible for formulating policy guidelines and general administration of the zone. (4) Subject to sub-section (3) of this section, the CEO of a private sector managed zone shall be responsible for issuing Certificates of Compliance to CFZ businesses within that zone subject to confirmation by the Board of Directors of the NFZA.