12.
| (1) The Minister shall appoint the Chairman of the Board from among the Directors. |
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| (2) If the Chairman of the Board of Directors is, by reason of illness or other infirmity or absence from Sri Lanka, temporarily unable to perform the duties of his office, the Minister may appoint one other Directors to act in his place. |
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| (3) The Chairman shall preside at all meetings of the Board. In the absence of the Chairman at any meeting of the Board, the Directors present Shall choose one of their number to preside at such meeting. |
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| (4) The Chairman may resign the office of Chairman by letter addressed to the Minister. |
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| (5) The Minister may, without assigning a reason, terminate the appointment of the Chairman. |
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| (6) Subject to the provisions of subsections (4) and (5), the term of office of the Chairman shall be the period of his office as a member of the Board. |
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| (7) The chairman of any meeting of the Board shall, in addition to his own vote, have a casting vote. |
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Sri Lanka Consolidated Acts