10.
| (1) The Corporation shall have a Board of Directors consisting of such number of persons as is fixed by the Incorporation Order and appointed by the Minister. |
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| (2) The Minister shall appoint one of the Directors as Chairman of the Board of Directors. |
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| (3) Every Director shall, subject to the provisions of subsection (8), hold office for a period of three years from the date of appointment : Provided that a Director appointed in place of a Director who dies or resigns or otherwise vacates office shall, unless he earlier resigns, dies or otherwise vacates office, hold office for the unexpired part of the term of office of the Director whom he succeeds. |
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| (4) Any Director may resign from the Board of Directors by letter addressed to the Minister. |
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| (5) Any Director may be removed from office by the Minister without assigning a reason, and such removal shall not be called in question in any court nor shall such Director be entitled to any compensation for any loss or damage suffered by him, by reason of such removal. |
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| (6) When a Director becomes by reason of illness or other infirmity or absence from Ceylon temporarily unable to perform the duties of his office, the Minister may appoint another person to act as Director in his . place. |
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| (7) A Director shall vacate office by death, removal, resignation or effluxion of time. |
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| (8) Any Director shall be eligible for reappoint- merit. |
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Sri Lanka Consolidated Acts