Section 2: Management of affairs of institutes

(1) There shall be established for each institute a governing council (in this Act referred to, in relation to the relevant institute, as "the Council"), and the provisions of the Schedule to this Act shall have effect, so far as applicable, with respect to the constitutions of the Councils and the other matters there mentioned.
(2) The affairs of each institute shall be managed by the Council, and references in this Act to the institutes shall be construed accordingly; and without prejudice to the generality of the foregoing provisions of this subsection-
(a) anything falling to be done by or to an institute shall be done by or to the Council on behalf of the institute, or by or to such person acting as the representative of the Council as the Council may determine; and
(b) in particular, any contract or instrument which, if made or executed by a person not being a body corporate, would not be required to be under seal may be made or executed on behalf of the institute by any person generally or specially authorised to act for that purpose by the Council.
(3) It shall be the duty of the Council of each institute-
(a) to prepare a programme of research within the field for which that institute is responsible for such periods of not less than three years as the Council may, with the approval of the Minister, determine, together with detailed estimates of the expenditure which will be required to carry out the programme;
(b) each year to review, and if necessary revise, the programme approved under paragraph (a) of this subsection for the following year, together with the estimates of expenditure for that year;
(c) to submit the programmes and estimates of expenditure and any annual revisions, for approval by the Minister;
(d) to carry out the programmes of research approved by the Minister.
(4) There shall be a director for each institute, who shall be appointed by the Minister on the advice of the Council and shall be a person with wide experience of the matters with which the relevant institute is concerned; and the director shall-
(a) be charged with the day-to-day management of the affairs of the institute in accordance with such instructions as may, from time to time, be given to him by the Council; and
(b) hold office, subject to the provisions of section 5 of this Act, in accordance with the terms of the instrument by which he is appointed (including terms as to the payment of his remuneration by the Council).