Chief Executive powers: centralized management authority subject to Board oversight with permitted delegation to Managing Directors. The amendment vests the Chief Executive with substantial management authority over the Corporation's affairs, subject to the Board's superintendence, control and direction, and authorises the Board to confer powers on the Chief Executive and to permit the Chief Executive to entrust or delegate duties. Managing Directors, under the general control of the Chief Executive, shall perform duties and exercise powers entrusted or delegated by the Board or by the Chief Executive under that delegation.