4. (1) The board shall consist of five members, one of whom shall be the chairman, appointed for not more than five years by the Government, which shall fix their salary and conditions of employment. The chairman shall hold office on a full-time basis; he is also general manager of the board.
(2) Notwithstanding the expiry of their term, the members shall remain in office until they are replaced or reappointed.
None of the extraordinary recourses provided in articles 834 to 850 of the Code of Civil Procedure shall be exercised and no injunction shall be granted against the board or against its members acting in their official capacity.
(3) If the chairman is absent, the member designated by the Government shall replace him and exercise all his powers.
(4) If a member is unable to act, the Government may temporarily appoint a person to replace him on the conditions and for the remuneration it determines.
(5) Three members, one of whom is the chairman, constitute a quorum of the board. The chairman shall have a casting vote.
(6) (Subsection repealed).
(7) The members shall, before coming into office, take an oath to well and faithfully fulfil the duties of their office.
(8) Under pain of forfeiture of office, neither the chairman nor any other full-time member may have a direct or indirect interest in any undertaking that places his personal interest in conflict with that of the board. However, such forfeiture shall not occur if such interest devolves to him by sucession or gift, provided that he renounces it or disposes of it with all possible dispatch.
Every member of the board other than the members contemplated in the first paragraph who has a direct or indirect interest in any such undertaking shall, under pain of forfeiture of office, disclose, in writing, that interest to the other members of the board.
(9) The chairman shall preside at the meetings of the board; he shall be responsible for the administration of the affairs of the board within the framework of its regulations.