Section 34: Governing Board of the Authority.

1 There is established a Governing Board (in this Act referred to as "the Board of the Authority”), which shall be responsible for the policy and general administration of the Authority.

2 The Board of the Authority shall consist of—
a one non-executive chairman;
b two non-executive members;
c the Chief Executive of the Authority (in this Act referred to as "the Authority Chief Executive”);
d two other executive directors responsible for finance and accounts and distribution systems, storage and retailing infrastructure;
e one representative of the Commission not below the rank of executive commissioner;
f one representative of the Ministry not below the rank of Director; and
g one representative of the Ministry of Finance not below the rank of Director.

3 Appointments to the Board of the Authority under this section shall be made by the President and be subject to confirmation by the Senate, except for the appointments of ex-officio members under subsection (2) (e), (f) and (g).

4 A person appointed under subsection (2) (a) and (b) shall have at least 15 years post-qualification experience in petroleum or other relevant sector of the economy and shall hold office for a period of five years and may be re-appointed for a further term of five years, on such terms and conditions as may be specified in the letter of appointment.

5 Subject to subsection (4) and section 41 (3) of this Act, a member of the Board of the Authority shall hold office for five years and may be reappointed for a further term of five years.

6 A non-executive Board member shall hold office on part-time basis.

7 The Board of the Authority may authorise in writing any executive director, committee of the Board of the Authority, the Authority Chief Executive or any other officer or employee of the Authority, to exercise any power or carry out any duty or function of the Authority under this Act or regulation made under this Act.

8 The proceedings of the Board of the Authority and other ancillary matters shall be as prescribed by regulation made under this Act.