(1) An R&D Corporation consists of:
(a) a Chairperson; and
(c) an Executive Director; and
(d) such number of other directors, not fewer than 5 nor more than 7, as the Minister determines, in writing, to be appropriate for that Corporation.
(2) The performance of the functions and the exercise of the powers of an R&D Corporation are not affected merely because of vacancies in the Corporation's directorship.