(1) The Board may, for the purpose of carrying out its functions under this Act, establish committees to give advice to the Board on matters as the Board determines.
(2) The Board may appoint persons who are not directors or who are not employees of the Authority to a committee established under subsection (1), but such persons shall not comprise more than one-half of the membership of the committee.
(3) If a person other than a director is appointed to a committee under subsection (2), the Board may, determine the remuneration and allowances to be paid to that person.
(4) The Chairperson of a committee must be a person other than the Chairperson of the Board or Chief Executive Officer.
(5) The recommendations made by a committee established under subsection (1) are not binding on the Board but may be considered by the Board in making decisions.
(6) Without limiting the generality of this section, the Board shall appoint an Audit Committee.