(1) The Board shall consider and advise the Minister on all matters referred to it by him or her and shall give him or her such information as he or she may require regarding the operations of the Corporation.
(2) The Minister may give to the Board such general directions with regard to the Board's functions under this Act as appear to him or her to be requisite in the public interest and the Board shall give effect to any such directions.
(3) The Board shall render annual reports to the Minister who shall, as soon as possible thereafter, lay a copy before Parliament.