12Functions of Board

12 Functions of Board

12 Functions of Board

(1) The Board’s functions are as follows—

(a) to determine strategies and policies for the Corporation,

(b) to ensure the proper, efficient and effective exercise of the Corporation’s functions,

(c) to approve investment decisions made by the Corporation,

(d) any other functions conferred or imposed on the Board by this Act.

Note—

See also the Interpretation Act 1987, section 50 which provides for additional matters in relation to statutory corporations including that the statutory corporation may do all other things that bodies corporate may, by law, do that are necessary for, or incidental to, the exercise of its functions.

(2) Anything done in the name of, or on behalf of, the Corporation by the Board or with the Board’s authority, is taken to have been done by the Corporation.

Note—

The Interpretation Act 1987, section 50 provides for additional matters that apply to statutory corporations.