(1) The Board may establish committees of the Board for effectively and efficiently performing its functions.
(2) The chairperson of a committee established under subsection (1) shall be a member of the board.
(3) The Board shall decide the terms of reference of a committee.
(4) The functions of the committee shall be—
(a) to advise and make recommendations to the Board with respect to matters within the scope of the functions of the Council, referred by the Council to the committee; and
(b) subject to section 63, to exercise the powers delegated to it by the Council.
(5) A committee shall keep a record of any decision it makes when exercising a power delegated to it by the Board.
(6) A member of the committee shall be entitled to be paid such fees and allowances as determined by the Board.