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(1) The Board which shall be the governing body of the Academy, shall be autonomous and accorded full international status.

(2) Without derogation from its functions under subsection (1) the Board shall have power-

(a) to determine and supervise the finances of the Academy;

(b) to prepare overall plans and programmes for the furtherance of the objects of the Academy;

(c) to prescribe the terms and conditions on which any person selected for any course of study and training organised by the Academy shall be admitted; and

(d) to institute awards and scholarships in furtherance of the objects of the Academy.