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4. Management of the affairs of the Corporation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The affairs of the Corporation shall, subject to the other provisions of this Act and the rules in force for the time being of the Corporation, be administered by a Board of Directors consisting of Chairman and a Secretary,

Treasurer and another nine more members elected in accordance with such rules.

(2)

The founder member of the Foundation, Honourable

Minister Jeyaraj Fernandopulle shall be the Chairman of the

Board of Directors for life and thereafter, the eldest child of the person who was holding office as the Chairman, shall become the next Chairman of the Board of Directors.

Jeyaraj Fernandopulle Foundation

(3)

The first Board of Directors of the Corporation shall consist of the members of the Board of Administration of the

Foundation holding office on the day immediately preceding the date of commencement of this Act.

(4)

A member of the Board of Directors other than the

Chairman shall unless he vacates his office earlier by death or resignation, hold office for a period of four years. Where due to death or resignation a vacancy occurs in the Board of

Directors, a new member shall be appointed to fill such vacancy, and such a new member shall hold office for a period of four years.