Cap. 463 Art. 13Chief Executive Officer.

(1) The Chief Executive Officer shall be appointed by the

Board.

(2) The Chief Executive Officer shall be appointed to hold office for a term not exceeding three years: provided that a Chief Executive Officer shall be eligible for re-appointment for further periods each of not more than three years: provided further that in aggregate no person shall hold the post of Chief Executive Officer for more than nine consecutive years.

(3) The Chief Executive Officer shall, subject to the direction of the Board, carry on and manage and control the operations and business of the Corporation and shall perform such other functions as may be determined by the Board.

(4) The Chief Executive Officer shall not hold any other office or position or carry on any business activity without the consent in writing of the Board.

(5) The Chief Executive Officer may from time to time be invited to attend meetings of the Board; however, he shall not have a right to vote.