SECTION 24

(1) The Board of Directors shall have power to define and guide general policy and assess the management of the public establishment, within the limits fixed byits corporate purpose, and subject to the laws and regulations in force. In that regard, it shall in particular: - set the objectives and approve the perfor- mance projects of the public establishment, in· accordance with the overall objectives of the sector concerned; - adopt the budget together with the perfor- mance project of the public establishment, and close the books; - approve the annual performance reports; - adopt the organization chart and internal regulations; - authorize recruitment of the entire staff, in accordance with the recruitment plan propo- sed by the Director General and approved by the Board of Directors; - authorize dismissal of staff, on the recom- mendation of the Director General; - appoint, on the recommendation of the Director General, persons to duty posts, from the rank of sub-director, director and per- sons ranking as such; - accept gifts, legacies and subsidies; - approve performance contracts and all other agreements, including loans, prepared by the Director General and having budge- tary implications; - authorize all transfers of movable or immo-PUBLIQUE DU CAMEROUN 15 juillet 2017 rize a refund of travel costs and expenses incurred in the interest of the public esta- blishment, subject to prior authorization by the said board.