(1) The Board shall appoint such other officers and employees as the Board considers necessary for the effective implementation of the functions of the Bank.

(2) Subject to this Act, the officers and employees of the Bank shall hold office or appointment on the terms and conditions specified in their letters of appointment.

(3) The salaries, benefits, wages or other remuneration or allowances paid by the Bank shall not be computed by reference to the net or other profits of the Bank.