Ms Selina Gilleece:

I am not clear about the issue. Under the 1997 legislation, the board of directors is elected by the members. After the annual general meeting, the members of the board appoint the executive officers, including the chairman, secretary and treasurer. Under the 1997 Act, the treasurer is the managing director and has responsibility for accounts, etc. As I mentioned, that is not what happens on the ground, where the manager is responsible for producing the accounts and so on.