Section 6: Powers of the Board.

The Board shall have power to-(a) formulate policy guidelines for the management of the affairs of the Corporation;
(b) appoint, promote, terminate, dismiss and exercise disciplinary control over the principal officers and senior staff of the Corporation;
(c) structure the Corporation into such number of departments as it deems fit for the effective performance of the functions of the Corporation;
(d) ratify the appointment or extension of the appointment of contract officers of management levels, managing agent and external auditor for the Corporation and any other appointment above the management of the Corporations;
(e) approve the external auditor's professional fee; and
(f) do such other things which the Board may consider necessary and desirable for the effective performance of its duties under this Act.