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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 of the Corporation be administered and managed by a

Board of Management consisting of the office-bearers and such other persons as may be provided for in such rules and elected in accordance therewith.

(2)

The first Board of Management of the Corporation shall be the Executive Committee of the Foundation holding office on the day prior to the date of the coming into operation of this Act and which shall hold office until a new Board of

Management is elected under the rules of the Corporation.