5 Directors and their role

(1)

The directors of a State enterprise shall be persons who, in the opinion of those appointing them, will assist the State enterprise to achieve its principal objective.

(2)

All decisions relating to the operation of a State enterprise shall be made by or pursuant to the authority of the board of the State enterprise in accordance with its statement of corporate intent.

(3)

The board of a State enterprise shall be accountable to the shareholding Ministers in the manner set out in Part 3 and in the rules of the State enterprise.