Section 11 deals with the appointment of directors of the supervisory authority by the Minister. There will be 12 directors appointed by the Minister, eight of whom will be nominees of the list of designated bodies at section 6(2), with the chief executive officer holding his or her directorship ex-officio. To ensure the independence of the new supervisory authority, no more than two of the directors appointed by the Minister can be members of prescribed accountancy bodies. As there is no restriction of that sort in relation to the chief executive officer, three of the directors can be members of prescribed accountancy bodies under the Bill, as drafted. The number of directors can be altered by means of a ministerial regulation under section 46(1), as can the limitation of membership of the supervisory authority by members of prescribed accountancy bodies to two.