—(1) The directors referred to in section 7(3)(b) shall be appointed by the President who shall, on the recommendation of the Minister, also appoint the deputy chairman.
(2) The directors so appointed —
shall not act as delegates on the board from any commercial, financial, agricultural, industrial or other interests with which they may be connected;
shall hold office for a term not exceeding 3 years and shall be eligible for reappointment; and
may be paid by the Authority out of the funds of the Authority such remuneration and allowances as may be determined by the President.