The purpose of the Industrial Development (Science Foundation Ireland) Bill 2002 is to finally establish the foundation as a separate legal entity. It will ensure the foundation will continue as an agency of Forfás, while at the same time having the necessary autonomy and dynamism to proactively decide on and direct its programmes. The foundation has the responsibility of managing, allocating, monitoring and evaluating expenditure of the technology foresight fund. The board of the foundation will continue to have 12 members and will include the director general who will be appointed for a period of five years and may be repappointed for a second term. The board may establish committees to assist and advise it on the performance of any of its functions.