Section 11Part 0 —
Managing Director
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The Board shall appoint, on such terms and conditions as the Board may think fit, a Managing Director, who shall be —
a full time employee of the Foundation; and
the principal executive officer of the Foundation, entrusted with day to day management and administration, to the extent of the authority delegated to him by the Board.
The Managing Director shall render his services exclusively to the Foundation and shall be answerable to the Board for his acts and decisions.
In the absence of Managing Director or his inability to fulfil his duties, the Board may appoint a senior employee of the Foundation to discharge the duties and functions of the Managing Director.