SECTION 4

For the purposes of this law and the regulations arising therefrom, the follo- wing definitions shall apply: · Board member: a corporate body or natu- ral person that is a member of a Board of Directors appointed in accordance with the rules and regulations governing public esta- blishments and that participates in the administration of the entity. · Financial autonomy: the powers of a cor- porate body to freely administer and manage its movable and immovable, tangible and intangible or liquid assets in the pursuit of its corporate purpose. · Budget: an estimate of all the income and expenditure of a public corporation for the fulfilment of its duties within a financial year. · Public establishment: a corporate body governed by public law with legal personality and financial autonomy, responsible for managing a public utility or carrying out a special general interest mission on behalf of the State or a regional or local authority. · Allocated property: all the movable or immovable, tangible or intangible or liquid assets placed by the State, public establish- ment and/or regional or local authority at the disposal of a public establishment. · Performance: capacity to accomplish a task to achieve results, in keeping with pre- set objectives,minimizing costs and the pro- cesses used. · Programme: set of actions to be imple- mented within an entity to achieve a speci- fied public policy objective as part of a task. UBLIQUE DU CAMEROUN 15 juillet 2017 In concrete terms, it includes the appropria- tions intended for the implementation of a coherent set of actions falling under the same entity and having specific objectives defined on the basis of general interest goals as well as expected outcomes and subject to appraisal. • Supervisory authority: the power of the State or a regional or local authority to define, guide and evaluate its policy in the- sector where the public establishment ope- rates to safeguard the general interest. II - Establishment