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4. Board of Directors

4. Board of Directors:

(1) Each Corporation shall consist of the Directors nominated by the Government of Nepal in such a number as specified by the Government of Nepal. The Director designated by the Government of Nepal, from amongst the Directors, shall be the chairperson.

(2) The Directors shall hold office during the pleasure of the Government of Nepal.

(3) If the office of a Director falls vacant because of his or her death, resignation or any other cause, and the Government of Nepal fills the vacancy by nominating any other person, a notice thereof indicating the name, address and occupation of such Director shall be published in the Nepal Gazette.

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