8.
| (1) Subject to the provisions of this Act,
| | (a) the general supervision, control and administration of the affairs and business of the Corporation shall be vested in the Board of Directors; and | | |
| | (b) such Board may exercise all the powers and perform all the duties and functions of the Corporation for the purpose of carrying out the objects of the Corporation. | | |
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| (2) The Board of Directors may delegate to any Director, or to any officer or servant of the Corporation, any of the powers, duties or functions of such Board, and such delegate shall exercise or perform such powers, duties or functions, subject to the special or general directions of such Board. |
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Sri Lanka Consolidated Acts