11. The Board of Trustees.~

1. The general supervision and control of the affairs of the University, and the power to lay down the policies of the University, shall vest in a Board of Trustees consisting of ~

a. the Chairman, to be nominated by the Chancellor;

b. four nominees of Aga Khan Foundation to be nominated by the Board of the Foundation;

c. a Judge of the High Court of Sind, to be nominated by the Chief Justice of the Court;

d. a member of the University Grants Commission, to be nominated by the Commission;

e. a member of the Pakistan Medical and Dental Council not being below the rank of professor, to be nominated by the Council;

f.  a member to be nominated by the Chancellor;

g. the Rector; and

h. not more than three persons prominent because of their experience and attainments, to be selected by the members referred to in paragraphs (a) to (g) and approved by the Chancellor.

2. The members of the Board, other than the Rector, shall hold office for a term of three years and shall be eligible for re~appointment on the expiry of their term:
Provided that, in the case of the first Board constituted under this Order, one~third of the members for the time being, other than the Rector, to be determined by lot, shall retire from office on the expiration of one year from such constitution, one~half of the remaining members, to be determined by lot, shall retire from office on the expiration of two years from such constitution and the remaining one~half shall retire from office on the expiration of the third year.

3. The office of a member of the Board shall become vacant if he resigns or fails to attend three consecutive meetings of the Board without sufficient cause or leave of absence, or if his nomination is changed by the person nominating him.

4. A casual vacancy in the office of a member of the Board shall be filled by a person nominated by the person or body who had nominated the member whose vacancy is to be filled.

5.  Without prejudice to the generality of the provisions of clause (1) the Board shall exercise and perform the powers and functions hereinafter specified, namely:~

a. to hold, control and administer the property, funds and resources of the University and to borrow or raise money for the purposes of the University upon such security as may be required;

b. to formulate or approve the principles, policies and the plans governing the activities and operations of the University so as to ensure that the academic staff enjoy academic freedom in their research and educational work;

c. to prepare or have prepared and revised from time to time rules and regulations for the efficient and effective operation of the University;

d. to review and approve the creation of any standing component of the University, such as faculties, colleges, programmes, institutes, standing committees and councils and other administrative bodies necessary to assist or improve the working of the University;

e. to approve the plans of work and annual budget of the University submitted by the Rector;

f.  to require of, and consider reports submitted by the Rector, relating to the activities of the University and the execution of the plans of work and to direct the Rector to submit reports relating to any matters specified by the Board;

g. to create such academic or administrative posts as it may consider necessary for the purposes of the University and to approve appointments to such of these posts as it may specify, including the posts of deans, directors, professors and associate professors;

h. to undertake responsibility for the financial integrity of the University, including responsibility for ensuring effectiveness of its future operations, their continuity and preservation of the autonomy of the University;

i.  to approve all affiliations and other similar arrangements through which institutions or individuals may become associated with the University;

j. to appoint from amongst its members such as committees or sub~committees as may in the opinion of the Board lead to its more efficient and effective operation; and

k. to take all such initiatives as it may consider necessary or desirable for the efficient and effective management and functioning of the University.

6. The Board shall lay down its own rules of procedure and may amend or modify them from time to time.

7. The Board shall not start functioning until the Chairman and the members to be nominated by the Chancellor have been nominated; and no act or proceeding of the Board shall be invalid by reason only of the existence of a vacancy in, or defect in the constitution of, the Board.

1 2. Meetings of the Board, etc. ~

1. The Board shall meet atleast twice during a year for regular or scheduled meetings and may meet at any other time at which a special meeting thereof may be called by the Chairman or requisitioned in writing by not less than four members of the Board.

2. Not less than ten clear days' notice of a special meeting shall be given to the members of the Board and the agenda of the meeting shall be restricted to the matters specified in the agenda to be annexed to such notice.

3. The quorum for a meeting of the Board shall be one~half of its members, a fraction being counted as one.

4. The decisions of the Board shall be expressed in terms of the views of the majority of the members present and voting and, if the members are equally divided, the Chairman shall have and exercise a second or casting vote.