Section 4: Functions of the Board.

The Board shall be responsible for(a) managing and superintending the affairs of the Corporation;
(b) for the overall policy and general administration and shall act in the name of the Corporation;
(c) providing effective liaison between the Corporation and the Federal Government;
(d) formulating policies and guidelines for operating the Agricultural Insurance Scheme and ensuring its implementation;
(e) working closely with the management of the Corporation to ensure smooth operation of the affairs of the Corporation;
(f) deciding on and approving the borrowing power and credit limits of the Corporation;
(g) making policy decisions on the insurance operation and on the welfare of the employees of the Corporation;
(h) approving annual reports and statement of accounts of the Corporation;
(i) appointing and approving fees for auditors; and
(j) carrying out such other activities connected or incidental to the other functions of the Board.