5. Management of the affairs of the Corporation

The affairs of the Corporation shall subject to the rules of the Corporation made under section 6, be administered by a Board of Management (hereinafter referred as the “Board of Management”) consisting of a President and eleven members appointed or elected in accordance with the provisions of this Act and the such rules.

The First Board of Management of the Corporation shall be the Board of Trustees of the Trust holding office on the day preceding the date of commencement of this Act.

In the event where a General Meeting cannot be convened the President shall have powers to make decisions and also to make Wasiyyath-Advice in regard to the management of the affairs of the Corporation.

In the event of the death, resignation or removal from office of a member of the Board of Management, the vacancy shall be filled in accordance with the provisions of this Act and the rules of the Corporation made under section 6.