14Functions of Board

#### 14 Functions of Board (1) The functions of the Board are: (a) to decide, within the scope of the Investment Mandate, the strategies and policies to be followed by the Facility; and (b) to ensure the proper, efficient and effective performance of the Facility’s functions; and (c) any other functions conferred on the Board by this Act. (2) Anything that the Board does in the Facility’s name, or on the Facility’s behalf, is taken to have been done by the Facility. (3) The Board has the power to do all things necessary or convenient to be done for or in connection with the performance of its functions. (4) If a function or power of the Facility is dependent on the opinion, belief or state of mind of the Facility in relation to a matter, the function or power may be exercised upon the opinion, belief or state of mind of a person or body acting as mentioned in subsection (3) in relation to that matter.