Duties of Executive Director

(1) The Executive Director shall, subject to the general policy directions of the Board, be responsible for the management and administration of the BELTRAIDE including the employment of the staff of the BELTRAIDE pursuant to section 16. (2) The Executive Director shall have authority to sign jointly with any other director duly authorised by the Board for that purpose, any reports, balance sheets and other financial statements. (3) The Executive Director shall assist the Chairman in the discharge of his functions and duties under this Act, and it shall be lawful for the Chairman to delegate to the Executive Director all or part of such functions and duties. (4) The Executive Director under section 16 (a), shall be selected from among directors of the functional units of the 18