Board powers must be exercised by board meeting resolutions; includes political contributions and KMP appointments. Rule 8 requires that certain significant powers be exercised only by resolutions passed at meetings of the Board. Specified operative powers include making political contributions, appointing or removing Key Managerial Personnel, and appointing internal auditors and a secretarial auditor. The rule also records that several other previously listed powers-such as noting appointments below KMP, director disclosures, major investment transactions, public deposit matters, and approval of periodic financial statements-were omitted by notification.