Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) There shall be a Board of Directors of the Corporation, which shall be constituted as provided by this Part.
(2) There shall be a Chief Executive of the Corporation, who shall be appointed and hold office as provided by this Part.
(3) It is the function of the Board to determine the policies to be pursued by the Corporation in the performance of its functions.
(4) The affairs of the Corporation shall be managed by the Chief Executive but, in managing any of the affairs of the Corporation, the Chief Executive shall act in accordance with any policies determined, and any directions given, by the Board.
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