Section 4, the Local Government Act, 2004, exercising authority

(1) Subject to this Act, the Board shall have the control andsupervision of the Company, including- (a) overseeing the sound and proper financial management of the Company; (b) supervising and monitoring the Company in the performance of its functions; (c) formulating administrative policies for the smooth and efficient management of the Company; (d) determining a scheme of service for the staff of the Company; and (e) performing any other functions incidental to the objects of the Company.