Governing Board
۱. The Governing Board shall be composed of ۱۵ members elected by the Assembly in accordance with article ۱۶۰, paragraph ۲(c). In the election of the members of the Board, due regard shall be paid to the principle of equitable geographical distribution. In submitting nominations of candidates for election to the Board, members of the Authority shall bear in mind the need to nominate candidates of the highest standard of competence, with qualifications in relevant fields, so as to ensure the viability and success of the Enterprise.
۲. Members of the Board shall be elected for four years and may be re-elected; and due regard shall be paid to the principle of rotation of membership.
۳. Members of the Board shall continue in office until their successors are elected. If the office of a member of the Board becomes vacant, the Assembly shall, in accordance with article ۱۶۰, paragraph ۲(c), elect a new member for the remainder of his predecessor's term.
۴. Members of the Board shall act in their personal capacity. In the performance of their duties they shall not seek or receive instructions from any government or from any other source. Each member of the Authority shall respect the independent character of the members of the Board and shall refrain from all attempts to influence any of them in the discharge of their duties.
۵. Each member of the Board shall receive remuneration to be paid out of the funds of the Enterprise. The amount of remuneration shall be fixed by the Assembly, upon the recommendation of the Council.
۶. The Board shall normally function at the principal office of the Enterprise and shall meet as often as the business of the Enterprise may require.
۷. Two thirds of the members of the Board shall constitute a quorum.
۸. Each member of the Board shall have one vote. All matters before the Board shall be decided by a majority of its members. If a member has a conflict of interest on a matter before the Board he shall refrain from voting on that matter.
۹. Any member of the Authority may ask the Board for information in respect of its operations which particularly affect that member. The Board shall endeavour to provide such information.