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(1) The Board shall, subject to the provisions of this Act,

(a) be responsible for the strategic direction and policies of the Authority;

(b) promote and enforce a Code of Corporate Governance that sets out the principles and standards for good governance of the Authority and specified entities;

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

(d) ensure the proper and effective performance of the functions
of the Authority) The Board shall, subject to the provisions of this Act,

(2) The Board shall in the performance of the functions under subsection (1) conduct affairs and practices in accordance with the Public Financial Management Act, 2016 (Act 921) and other relevant enactments.