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(1) The Authority shall have an officer designated as the Secretary to the Board.

(2) A person shall not be designated as Secretary to the Board unless that person

(a) has a professional qualification or a tertiary level qualification that equips that person with the requisite knowledge and experience to perform the functions under subsection (3); or

(b) by virtue of an academic qualification, or as a member of a professional body, is considered by the Board as capable of performing the functions of the Secretary.

(3) The Secretary shall subject to the directives of the Board

(a) arrange the business of the Board;

(b) keep the minutes of the meetings and decisions of the Board in the form required by the Board; and

(c) perform any other functions that the Board or the Director General may direct.

(4) The Secretary is answerable to the Board in the performance of the functions of office.

(5) For the purposes of paragraph (a) of subsection (2), a “professional qualification” or “tertiary level qualification” is a discipline with an offering in company law and practice.