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Committees of the Board.
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16.—(1) The Board may from time to time appoint such and so many committees as it thinks proper.
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(2) The Board may delegate to a committee appointed under this section any of its functions which, in its opinion, can be better or more conveniently performed by a committee, and may regulate the procedure of any such committee.
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(3) A committee appointed under this section shall consist of such number of members as the Board thinks proper and may, at the discretion of the Board, consist exclusively of persons who are members of the Board or partly of persons who are members of the Board and partly of persons who are officers of the Board, or partly of persons who are either members or officers of the Board and partly of other persons.
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(4) The acts of a committee appointed under this section shall be subject to confirmation by the Board.
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(5) Section 10 shall apply to a meeting of a committee appointed under this section as if it were a meeting of the Board.
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