Section 43: Function, Duties and Rights of the Executive Director

1) In addition to the functions, duties and rights mentioned elsewhere in this Act, the functions, duties and rights of the Executive Director shall be as follows:

(a) Implement, or cause to implement, the decisions of the Committee,

(b) Prepare a long-term plan, an annual programme and a budget of the Fund and present it to the Committee for approval,

(c) Implement, or cause to be implemented, the long-term plan approved by the Committee,

(d) Present the progress report of the Fund to the Committee on a periodic basis,

(e) Operate and manage day-to-day financial and administrative affairs of the Fund and oversee, control, direct and supervise subordinate staff,

(f) Maintain records of, protect and repair and maintain movable and immovable physical assets of the Fund,

(g) To certify the decisions of the Committee and maintain a record of it, and

(h) Carry out, or cause to carry out, other tasks assigned by the Committee.

2) The Executive Director may delegate some of his/her powers under this Act to any officer-level staff of the Fund.