Section 5: Appointment of General Manager and delegation of functions.

(1) There shall be an officer of the Corporation, to be known as the General Manager, who shall be responsible for the execution of the policy of the Corporation and the transaction of its day-to- day business.
(2) The General Manager shall be appointed by the Corporation with the prior approval of the Minister.
(3) The Corporation shall delegate to the General Manager such of its functions as are necessary to enable him to transact efficiently the day-to-day business of the Corporation and, for this purpose, may, from time to time, issue written instructions under the common seal.