Section 11: Appointment of Executive Director

(1) There shall be appointed by the Corporation, an Executive Director who shall be the Chief Executive of the Corporation and shall be subject to the directives of the Corporation.
(2) The Executive Director shall hold office on such terms and conditions as may be specified in his letter of appointment and on such other terms and conditions as may be determined from time to time by the Corporation with the approval of the President.
(3) The Executive Director shall be the accounting officer of the Corporation for the purpose of controlling and disbursing amounts from the fund established pursuant to section 17 of this Act.
(4) The Executive Director shall be appointed by the Minister with the approval of the President.