Section 3: Composition of boards of corporations affected

(1) The board of any corporation affected-
(a)
shall consist of a chairman and not more than eight other members, so however that without derogating from that number there may be ex-officio members (co-opted or otherwise) not exceeding at any one time five in number; and
(b)
the chairman and every member (not being an ex-officio member), in either case eligible for re-appointment, shall hold office for an initial period of three years (any re-appointment being for the like period) and the appointment or re-appointment, as the case may be, shall be part-time only upon and subject to other conditions of service (including remuneration) as the President through the appropriate Minister may approve or direct.
(2)
The voting by ex-officio members shall not in any event influence decisions taken at any meeting of the board of a corporation affected.