Print Options

(1) The Board shall be responsible for the attainment of the object of the Fund, the making of the operational policy and general supervision of the management and affairs of the Fund and such other functions conferred upon it by any other provision of this Act.

(2) For the purpose of subsection (1), the Board shall

(a) perform its functions and conduct its affairs in accordance with sound investment and financial standards and practice and the investment policy of the Fund;

(b) support the national policy and programmes related to the Fund to achieve the object of the Fund;

(c) ensure accountability of the Fund by defining appropriate procedures for its management; and

(d) in consultation with the Minister, perform any other function that is incidental to the achievement of the object of the Fund.