(1) The Board of Directors (hereinafter referred to as “Board”) shall consist of Five directors
as follows:
(a) The general manager of the Corporation,
(b) One person elected by the general meeting from amongst the non-governmental shareholders,
(c) One person nominated by the Government of Nepal in respect of the governmental shares,
(d) One person nominated by the Government of Nepal from amongst the persons who are renowned in the
field of journalism, publication or literature, and
(e) One person elected from the shareholder employees of the Corporation.
(2) Pending the provision of election by the general meeting or that
of election by the shareholder employees under Clause (e) of Sub-section
(1), the Government of Nepal shall also nominate the directors required to
be elected by the shareholders.
(3) 10 The Government of Nepal shall designate the chairperson of
the Board and the general manager of the Corporation shall preside over the
Board until the chairperson is designated.
(3a) 11 The tenure of the directors elected or nominated under
Clauses (b), (c), (d) and (e) shall be Four years, and upon the expiration of
their tenure, they may be re-elected or re-nominated.
(4) 12 Notwithstanding anything contained in Sub-section (3a), the Government of Nepal may nominate any other person in the place of a
director nominated under Clauses (c) and (d) of Sub-section (1) prior to the completion of the tenure of such a director.
(5) Upon assumption of office after being elected 13 by the general meeting or employees of the Corporation, the directors nominated by the
Government of Nepal shall ipso facto relive of office in relation to them.
(6) ……………………. 14