3.
| (1) The Foundation shall be administered by a Board of Management,(hereinafter in this Act referred to as the Board) consisting of the following members :-
| | (a) the President of the Republic ; | | |
| | (b) the Leader of the Opposition in Parliament; | | |
| | (c) the Chief Justice of the Supreme Court; | | |
| | | (e) Mrs. Chandrika Bandaranaike Kumaratunga during her lifetime, and thereafter, the oldest surviving descendant of the late Mr. Vijaya Kumaratunga : | | |
| | (f) two persons appointed by Mrs. Chandrika Bandaranaike Kumaratunga during her lifetime, and thereafter by the Board, from among persons of recognized competence or eminence in foreign affairs, law, education or the arts. | | |
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| (2)
| | (a) A member appointed under paragraph (f) of subsection (1) may resign from office by a letter in that behalf, addressed to the Board. | | |
| | (b) A member appointed under paragraph (f) of subsection (1) may be removed from office at any time by Mrs. Chandrika Bandaranaike Kumaratunga or the Board, as the case may be. | | |
| | (c) Subject to the provisions of paragraphs (a) and (b) of this subsection, the term of office of a member appointed under paragraph (f) of subsection (1) shall be three years from the date of his appointment. | | |
| | (d) A member appointed under paragraph (f) of subsection (1) who vacates office by effluxion of time, shall be eligible for re-appointment. | | |
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| (3) A member referred to in paragraphs (a), (b), (c) or (d) of subsection (1), shall hold office so long as such member holds the office by virtue of which he is a member of the Board. |
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| (4) The Chairman of the Board shall be the President. In the absence of the President from any meeting of the Board, the members present at such meeting shall elect from among themselves a Chairman for that meeting. |
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| (5) The quorum for a meeting of the Board shall be five. |
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| (6) Subject to the provisions of subsection (5), the Board may regulate the procedure in regard to the meetings of the Board and the transaction of business at such meetings. |
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| (7) No act or proceeding of the Board shall be deemed to be invalid by reason of any vacancy in the membership of the Board or any defect in the appointment of any member thereof. |
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| (8) All questions for decision at any meeting of the Board shall be decided by the vote of a majority of the members present. In the case of an equality of votes, the Chairman or any other member presiding at any meeting of the Board shall, in addition to his own vote, have a casting vote. |
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Sri Lanka Consolidated Acts