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5. 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 rules made under section 6 be administered by a

Committee of Management consisting of the Director-General, the Honorary Secretary and the Honorary Treasurer and not less than six other members as may be provided for in those rules and elected in accordance therewith.

(2)

The founder member of the Foundation, Rev.

Pahalagama Sri Somarathana Nayaka Thero shall be the

Chairman of the Committee of Management for life. The

Chairman shall be the Chief Executive Officer of the

Corporation.

(3)

The first Committee of Management of the Corporation shall consist of the members of the Committee of Management of the Foundation holding office on the day immediately preceding the date of commencement of this Act.