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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 affairs of the Corporation shall, subject to the other provisions of this Act and rules of the Corporation made under section 6, be administered by a Board of Directors

(in this Act referred to as the “Board”) consisting of a

Chairman and Secretary and such other members elected or appointed in accordance with such rules.

(2)

The first Board 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.