Section 11A

The Board may elect a member of the Board to be the chairman of a committee.

The Board may appoint any person to be a member of a committee established under subsection (1).

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A member of a committee shall hold office for such term as may be specified in his letter of appointment and is eligible for reappointment.

The Board may revoke the appointment of a member of a committee without assigning any reason for the revocation.

A member of a committee may, at any time, resign by giving a one month notice in writing to the Chairman of the Board.

The Board may, at any time, discontinue or alter the constitution of a committee.

A committee may regulate its own procedure.

Disclosure of director’s interest in contract, etc.