15.
| (1) The Minister shall appoint a Chairman from amongst the members of the Board of Directors. |
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| (2) The term of office of the Chairman shall, subject to the provisions of subsection (3), be for a period of four years commencing on the date of appointment. |
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| (3) In the event of the vacation of office by the Chairman before the expiration of his term of office, another person shall be appointed in his place to hold office during the un- expired part of the term of office of the Chairman so vacating office. |
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| (4) Any person vacating office as Chairman by effluxion of time shall be eligible for reappointment. |
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| (5) The Minister may, without assigning any reason, remove the Chairman from office. Such removal shall not be called in question in any court. |
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| (6) In the absence of the Chairman, a member chosen by the majority of the members present at any meeting of the Board of Directors shall preside at such meeting. |
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| (7) The Chairman or other member of the Board of Directors who presides at any meeting of the Board shall have in addition to his vote, a casting vote. |
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Sri Lanka Consolidated Acts