14.—(1) It shall be the duty of the Executive Committee, in the exercise of its powers and in the performance of its functions, to act in such a manner as appears to it best calculated to promote the aims and interests of the Institute.
(2) The functions of the Executive Committee shall include the carrying on of all such activities and the doing of all such things as are necessary or advantageous and proper for the government, control and general administration of the Institute and of the assets of the Institute and, without prejudice to the generality of the foregoing, shall include —
(a)
the authorisation of the appropriate and necessary expenditure within the funds available to the Institute;
(b)
the preparation of an annual report on the workings of the Institute, and the preparation of the annual estimates and of such annual statements of account as are required by this Act or by any rules made thereunder;
(c)
the appointment of the senior research staff and the senior administrative staff of the Institute and the appointment of such advisers as the Director may consider necessary or desirable;
(d)
the making, subject to the approval of the Board, of regulations relating generally to the academic management of the Institute and in particular to —
(i)
the qualifications necessary for entrance to the Institute, the duration and number of the Institute terms, the award of certificates and diplomas to the fellows of the Institute and the revocation of any certificates or diplomas so awarded;
(ii)
the institution of other posts and offices and appointments to such posts and offices;
(iii)
the establishment of an Institute printing press and the publishing of books and other publications;
(iv)
the erection, equipment and maintenance of libraries, laboratories, museums, lecture halls and all other buildings required for the purposes of the Institute whether in Singapore or elsewhere;
(v)
the institution and award of fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions, awards and forms of assistance towards the advancement and dissemination of knowledge on Southeast Asia;
(vi)
the relationship between the Institute on the one hand and schools, colleges, universities and other academic institutions, both in Singapore and abroad, on the other; and
(vii)
the fees to be payable at the Institute;
(e)
the making of regulations relating to —
(i)
the procedure in regard to meetings of the Executive Committee and of any committee duly appointed by it under the provisions of this Act;
(ii)
the setting up, membership and functions of advisory committees and the procedure in regard to the meetings of such advisory committees; and
(iii)
the powers and functions of the officers of the Institute and of any committee duly appointed by it under the provisions of this Act;
(f)
the provision of pensions, superannuation or provident fund schemes for the benefit of the Institute’s employees or any section of its employees, and the making of arrangements for the establishment of such schemes;
(g)
the provision and regulation of residence for officers, staff and fellows of the Institute and the welfare and discipline of staff and fellows; and
(h)
the demand and receipt of such fees as may from time to time be prescribed by regulations.
(3) The Executive Committee may appoint from among their own number such and so many committees either of a general or special nature and consisting of such number of persons as the Executive Committee may think fit for any purposes which in the opinion of the Executive Committee would be better regulated by such committees. The proceedings of every such committee shall be recorded in writing and shall be open to inspection to any member of the Executive Committee or any member of the committee at any time.
(4) Any committee shall have full power to act on any resolution passed by it within the scope of the power delegated to it by the Executive Committee under subsection (3) and all decisions of the committee shall be reported to the Executive Committee.