Section 4: Powers of the Council.

The Council shall -(a) ensure the effective and efficient implementation of the functions of the Institute;
(b) supervise and monitor the operations of the Institute;
(c) maintain the highest level of integrity and honesty in the operations of the Institute;
(d) consider and approve the annual budget of the Institute;
(e) present report and accounts prepared by the Institute to the Minister;
(f) approve the audited accounts and consider management letters from the external auditors;
(g) appoint and remove auditors, provide necessary facilities and remuneration;
(h) take appropriate actions on all committees’ recommendations;
(i) obtain from any authority or persons, charters, and concessions necessary for the attainment of its purpose;
(j) borrow money, receive grant and loans with the approval of the Council without prejudice to any provision of this Act relating to the provisions of funds; and
(k) carry out such other activities as are necessary and expedient for achieving the objectives and functions of the Institute under this Act.