(1) The IMO is to have a chief executive officer.

(2) The function of the chief executive officer is, subject to the control of the board, to administer the day to day operations of the IMO.

(3) The powers ¾

(a) to appoint and remove the chief executive officer; and

(b) to fix and alter his or her terms and conditions of service,

are vested in the board.

(4) The board is to obtain the concurrence of the Minister before it exercises any of the powers in subregulation (3).

(5) Subject to any provision of his or her terms and conditions of service, the chief executive officer may resign his or her office by giving notice in writing to the board.

(6) The board may appoint a person to act in place of the chief executive officer ¾

(a) during a vacancy in that office; or

(b) during any period when the chief executive officer is unable to carry out his or her duties or is absent from the State.

(7) Despite subregulation (3), the Minister is to appoint the initial chief executive officer.