(1) The Chief Executive Officer is responsible for the day to day management of the Fund.

(2) The Chief Executive Officer shall ensure the implementation of the decisions of the Board.

(3) The Chief Executive Officer may delegate a function to an officer of the Secretariat of the Fund but shall not be relieved of ultimate         responsibility for the performance of the delegated function.

(4) The Chief Executive Officer is answerable to the Board for the performance of the functions under this Act.