1. No.
2. (a)The Minister has not as yet appointed any new Board member, except the appointment of the Deputy Minister of Finance who automatically becomes a member of the Board as a result of the Cabinet decision taken on 03 December 2008 where the Cabinet approved;
(b) In terms of the PIC Memorandum of Incorporation (MOI), the Board of the PIC shall comprise of 15 directors of which 2 should be the executive directors (the Chief Executive Officer and the Chief Financial Officer). Currently the Board comprises of 13 directors (2 executive directors and 11 non-executive directors). The Minister is currently reviewing the 2 proposed candidates submitted by the Board to fill the two vacancies. As required by the PIC MOI which states that the Minister shall in consultation with Cabinet appoint the directors of the PIC, the Cabinet memorandum will be submitted to the Cabinet as soon as the Minister finalises the appointment process.
3. No.