SECTION 6

(1) The Board of Directors shall have the broadest powers to act in all circumstances in the name of the public corporation. (2) It shall ensure respect of the rules of competition, equity in the treatment of participants, transparency, and fair pricing in contract award procedures. To this effect, it shall: - issue an assent to proposals for contract award according to the limits which it shall set; - approve the contract award plan proposed by Management; - lay down the terms for the organisation and functioning of the Internal Tenders Board, the appointment of the chairperson, members, and secretary of the board, and the evaluation of bids; - examine and give its opinion on requests for exceptional procedures tabled by the General Manager; - commission audits or any other investigation to ensure respect of due process and the quality of the award procedure; - receive and give and opinion on the annual contract award report prepared by the General Manager; - penalise procedures that breach the regulations in force, as well as the authors thereof; to this effect, it shall receive all documents created within the framework of the award, execution, and follow-up of contracts; - examine reports from follow-up missions conducted by the control bodies and order implementation of the measures arising therefrom; - arbitrate in disagreements between the Contracting Authority: and the Internal Tenders Board; - set up the Arbitration and Appeals Committee, tasked with hearing disputes and denouncements tabled by tenderers in the contract award phase, and any other case referred to it by the Board of Directors; - grant express authorisations for the award of a contract following appropriate procedures and by mutual agreement; - set the threshold of purchase orders, order letters, amendments, initial advance payments, subcontracting, and subsupply, and the ratio of contracts passed by mutual agreement. (3) The Board of Directors may, where need be, delegate some of its prerogatives to the Chairperson of the Board of Directors.