Chief Executive Officer
42. (1) There shall be a Chief Executive Officer of the Corporation who shall be appointed by the Government on such terms and conditions as may be determined by it.
(2) The Chief Executive Officer shall hold office for a period of three years which may be extended by the Government for a further period or periods not exceeding one year at a time.
(3) Notwithstanding anything contained in sub section (2), the Government may, at any time, terminate the appointment of the Chief Executive Officer, and shall do so if, at a special meeting of the Corporation called for the purpose, a resolution for such termination has been passed by the votes of not less than three fifths of the total number of Commissioners:
Provided that if the Chief Executive Officer is a person in the service of the Republic, no such special meeting shall be called, and no such resolution shall be moved, except after giving one month's notice to the Government.
(4) If the Chief Executive Officer is unable to perform the functions of his office on account of absence, illness or any other cause, the Government may appoint another person to officiate as Chief Executive Officer in his place.