.(1) The Board has the responsibility to ensure the implementation of the functions of the Authority and the achievement of the objectives of the Authority.

(2) Without prejudice to subsection (1), the Board shall

(a) approve annual operating plans and budget of the Authority,

(b) review the quarterly performance of the Authority including statement of account of monies disbursed from the Fund.

(c) ensure adequate accountability to the stakeholders in compliance with the terms of the Compact,

(d) approve an audit plan and monitor its implementation; and seek the full implementation of the external auditor’s report within the specified time frame for action, and

(e) approve the remuneration of the staff of the Authority.