(1) The Commission shall appoint a suitable person as the Chief Executive Officer to manage the day to day affairs of the Commission on such terms and conditions as the Commission determines.
(2) Notwithstanding the generality of subsection (1), the Chief Executive Officer shall —
(a) perform all the functions entrusted to him or her under this Act, a Regulatory Act, the Regulations or by the Commission; and
(b) be an ex-officio commissioner and shall attend meetings of the Commission unless directed otherwise by the Chairperson but shall have no voting rights in the meeting.