Section 14: Appointment, etc., of the Managing Director

(1) There shall be for the Authority a Managing Director who shall be-
(a) appointed by the President;
(b) the Chief Executive of the Authority.
(2) The Managing Director shall be responsible for-
(a) the execution of the policies of the Authority; and
(b) the day-to-day running of the affairs of the Authority.
(3) Subject to the provisions of this Act, a person appointed to be the Managing Director of the Authority, shall hold office for a period of four years from the date of his appointment and may be eligible for re-appointment for a further four-year period.
(4) The Managing Director may be removed by the President on grounds of misconduct or inability to perform the functions of his office.