(1) There shall be for the purposes of this Act an Investment Committee which shall consist of 5 members to be appointed by the Minister as follows—
(a) an officer of the Ministry of Finance nominated by the Minister which officer shall be appointed chairperson;
(b) an employee of the Corporation other than the Director;
(c) two other members who appear to the Minister to be experienced in finance, accountancy, business administration, industrial relations and other related subjects; and
(d) the Director.
(2) The Investment Committee shall have a quorum of 3 members.
(3) The Investment Committee shall meet at such times and places as the chairperson shall appoint, or upon the request of any 2 members of the Committee.
(4) The Investment Committee shall appoint its own deputy chairperson and regulate its procedure at its meetings.
(5) The members of the Investment Committee shall hold office for a term not exceeding 3 years and shall be eligible for re-appointment.
(6) In the absence of the Director, the Deputy Director shall attend any meeting and in such a case he or she shall be deemed to be a member of the Investment Committee.