5.
| (1) The administration and management of the affairs of the Centre shall be vested in a Beard of Management (hereinafter referred to as "the Board") consisting of the following members appointed by the Minister: -
| | (a) one member nominated by the Ceylon Chamber of Commerce, incorporated by the Chamber of Commerce Ordinance (Chapter 289) ; | | |
| | (b) one member nominated by the National Chamber of Commerce of Sri Lanka ; | | |
| | (c) one member nominated by the Federation of Chambers of Commerce and Industry of Sri Lanka ; | | |
| | (d) one member nominated by the Ceylon National Chamber of Industries, incorporated by the Ceylon National Chamber of Industries Act, No. 10 of 1969 ;and | | |
| | (e) one member nominated by the Minister in charge of the subject of Justice. | | |
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| (2) A member of the Board may a: any time resign his office by letter in that behalf addressed to the Minister. |
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| (3) The Minister may, for reasons assigned, remove a member of the Board from office. |
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| Where a member of the board dies, resigns or is removed from office, the Minister may, having regard to the provisions of subsection (1), appoint another member in his or her place. The member so appointed shall, unless he or she earlier dies, resigns or is removed from office, hold office for the unexpired period of the term of office of the member whom he or she suceeds.
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| Subject to the provisions of subsections (2), (3) and (4), the term of office of a member of the Board shall be three years.
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| A member of the Board vacating office by effluxion of time shall be eligible for reappointment.
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Sri Lanka Consolidated Acts