4.
| (1) The management, control and administration of the Corporation shall, subject to the rules of the Corporation, vest in a governing Council (hereinafter referred to as "the Council") consisting of such number of governors elected from among the members In accordance with the rules of the Corporation. |
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| (2) The first Council of the Corporation shall be the governing council of the Foundation holding office on the day preceding the date of commencement of this Act, and consisting of the members whose names are specified in the Schedule hereto. |
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| (3) Notwithstanding anything to the contrary in subsection (1), Mr. Gamini Lokuge who shall be the Chairman of the Corporation for life, unless he earlier resigns from the said office. |
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Sri Lanka Consolidated Acts