Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 9

Powers, functions, &c. of the Board of Directors

9.
(1) The general superintendence, direction and control of the affairs and business of the Bank shall vest in the Board of Directors.
(2) The Board of Directors may exercise, discharge and perform all the powers, functions and duties of the Bank under this Act or any other law and do all acts and things which may be done by the Bank under this Act or any other law.
(3) In the exercise, discharge and performance of its powers, functions and duties, the Board of Directors shall, subject to the provisions of this Act, act in accordance with sound business principles, and shall have due regard to the interest of industry, agriculture and commerce and to the public interest generally.

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