The Board of Directors is responsible for proper and efficient conduct of the business and activities of the Company including the following:-

(a) Exercise supervision over the management team of the Company;

(b) Establish or cause to be established an efficient scheme of service for the staff of the Company;

(c) Appoint at such salaries and upon such terms and conditions as it may deem fit such other officers and employees of the Company as it deems necessary or desirable for the effective discharge of the purposes and functions of the Company;

(d) Establish a system designed to ensure the proper distribution of dividends to shareholders;

(e) Grant gratuities, benefits and allowances to the officers and employees of the Company.