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Section 26
<br> which may constitute a subcommittee
Except where it is clearly stated in this Act that an agency or officer shall do so, the board of directors may form one or more sub-committees under the direction of the National Bank for a specific purpose. However, the chairman of the board of directors shall not be a member of the sub-committee. ) of the sub-committee constituted according to the work, duties, rights, procedure and the remuneration or allowance received by the members for participating in the meeting shall be as determined by the board of directors and the activities and expenses of such sub-committee shall be clearly disclosed in the annual report.