The functions of the Board are to—
| (a) |
ensure that the Authority complies with this Act and any other applicable law; |
| (b) |
ensure that the Authority performs its duties efficiently and effectively; |
| (c) |
provide corporate governance for the Authority; |
| (d) |
determine and enforce the broad policy framework within which the Authority must pursue its objects and perform its functions; |
| (e) |
ensure that the Authority exercises its powers in accordance with the principles of transparency and accountability; |
| (f) |
manage the marketing, promotion, sale, lease, financing, purchasing, registration and transfer of property of the Authority; |
| (g) |
advise the Minister on— |
| (i) |
the efficacy of this Act; |
| (ii) |
the state of transformation of the industry; |
| (iii) |
prescribing of regulations; |
| (iv) |
education and training of property practitioners; and |
| (v) |
any other matter on which the Minister requires the advice of the Board; |
| (h) |
maintain the Fund and hold it in trust; and |
| (i) |
perform any other power or duty conferred on the Board by this Act or any other applicable law. |
Diamonds Act, 1986
