(a) a person who is a qualified person as defined in the Legal Profession Act 1976 or who possesses relevant knowledge or experience in commercial or company matters to be the Chief Executive Officer of the Commission; and

(b) two persons, who shall be known as Directors, to be deputies to the Chief Executive Officer,

on such terms and conditions as the Minister may determine, for the proper administration of this Act and the laws specified in the First Schedule, and may revoke the appointment of any person so appointed without assigning any reason for the revocation.

(2) The Chief Executive Officer shall be responsible for the day-to-day administration of the Commission.

(3) The Directors shall be subject to the direction and control of the Chief Executive Officer and they may perform all the duties of the Chief Executive Officer under this Act and the laws specified in the First Schedule as may be specified by the Chief Executive Officer.

(4) In the event that the Chief Executive Officer is temporarily unable to perform his duties due to illness or any other cause, either of the Directors may attend any meeting of the Commission or any committee in his place.