74. The chairman shall preside at meetings of the board of directors and exercise such other functions as are assigned to him by the by-laws of internal management of the Fonds.
The managing director shall administer the Fonds and have the direction of its personnel. By government decision, the functions of the chairman and those of the managing director may be assumed by the same person.
The managing director shall devote his full time to his official duties.
The Government shall fix the remuneration, social benefits and the other conditions of employment of the chairman and of the managing director.