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As enacted

4. Management of the affairs of the Corporation

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The management, control and administration of the

Corporation shall, subject to the rules of the Corporation, vest in a governing Council (hereinafter referred to as “the

Council”) consisting of such number of governors elected from amoung the members in accordance with the rules of the

Corporation.

(2)

The first Council of the Corporation shall be the governing council of the Foundation holding office on the day preceding the date of commencement of this Act, and consisting of the members whose names are specified in the

Schedule hereto.

(3)

Notwithstanding anything to the contrary in subsection (1), Mr. Gemini Lokuge who shall be the Chairman of corporation for life, unless he earlier resigns from the said office.