2.-(1) The School shall be managed and controlled by a Board of Management consisting of the Representative of the British Council in Cyprus for the time being, or in his absence or incapacity of his deputy, as ex officio member, and eight other members appointed by the Governor (hereinafter referred to as "the appointed members"). The Governor shall designate one of the members of the Board of Management to be its Chairman:
Provided that the Board of Management shall have power to co-opt not more than two persons as members and any person so co-opted shall be deemed to be a member of the Board of Management for all the purposes of this Law.
(2) The Governor may at any time terminate the appointment of the Chairman or of any appointed or co-opted member.
(3) The Governor may, upon the death, resignation, retirement or termination of appointment of any appointed member appoint another fit and proper person to fill the vacancy.
(4) The Governor may in the case of illness or absence from Cyprus of any appointed member appoint a fit and proper person in the place of such member until such member shall resume his duties.
(5) The Board of Management shall manage and control the School and any of its property.
(6) The Board of Management may, for the purpose of such management and control, in any year and with the consent of the Governor, borrow temporarily from the Bank at which the account of the Board of Management is kept any money not exceeding the twenty per centum of the estimated revenue of the Board of Management for the period for which the current estimates of the Board of Management are made. The amount so borrowed shall be repaid from the revenue of the Board during such period.
(7) The Board of Management may sue and be sued in the name of its Chairman.
(8) No member of the Board of Management shall incur any personal liability for any act done in performance of his functions in accordance with the provisions of this Law.
(9) The Board of Management may act notwithstanding any vacancy in its membership.
(10) The Board of Management may make regulations for the better carrying out of the provisions of this Law and in particular, but without prejudice to the generality of the foregoing, may make regulations for-
(a) regulating the procedure of the Board of Management;
(b) the appointment, remuneration and terms of employment of staff and the dismissal of staff;
(c) the provision of gratuities or other retirement benefits for the staff;
(d) the keeping and auditing of the accounts of the School;
(e) the investment of moneys by the Board of Management;
(f) the making of provision for the award of such scholarships, bursaries or prizes for the benefit of the School as the Board of Management may think fit;
(g) generally for the management and control of the School.