10.
| (1) The Minister shall nominate one of the directors to be the first Chairman of the Board. Thereafter the Chairman of the Board shall be elected by the directors. The ex officio director shall preside at a meeting of the directors for the election of the Chairman of the Board and shall, for the purpose of such election, have a casting vote. |
|
| (2) No person who holds a paid office as a servant of the Crown in respect of the Government of Ceylon shall be eligible to be the Chairman of the Board. |
|
| (3) The Chairman of the Board shall, unless he earlier vacates the office of Chairman, hold that office as long as he is a director. |
|
|
Sri Lanka Consolidated Acts