Egypt Telecommunication Regulation Law – February 2003 related to NTRA activities, without limitation to governmental rules and regulations. 11. Approving the NTRA personnel regulations regarding hiring, salaries, allowances, remunerations, promotions, penalties, dismissal and other personnel matters in consideration of productivity standards without limitation to the governmental rules and regulations and without breach of employees acquired rights. 12. Setting up health care, social, cultural and sports systems for the NTRA personnel without breach of employees acquired rights. 13. Setting up a system for control and follow-up to determine performance rates according to economic criteria. 14. Approving the annual budget and closing account of the NTRA. 15. Approving loans necessary for financing NTRA activities. 16. Accepting grants, donations and subsidies in light of the rules and resolutions resolved by the Board in this regard and without prejudice to the provisions of Article (44). 17. Set the conditions and rules necessary for granting licenses to establish and manage Telecommunications Educational Institutes qualifying graduates to obtain Radio Telegraph and Telephone Certificates, as well as other recently adopted certificates for Operators of Radio Equipment in accordance with systems determined by the International Organizations concerned in the Telecommunication field. Also setting the rules regulating the issuance, granting and cancellation or modification of these certificates, and setting curricula and examination procedures as well as controlling and supervising the educational technical aspects in these institutes, without prejudice to other powers prescribed in this respect for the Ministry of Education concerned. 18. Looking into whatever may be suggested by the Chairperson or the Executive President to the Board. All regulations stated in this Article are to be issued by virtue of a resolution by the Minister Concerned. Article 14 – Meetings of the TRA Board of Directors The Board of Directors shall convene by an invitation from its Chairperson at least once every month and whenever necessary. The meeting shall be deemed valid with the presence of the majority of its members. Resolutions of such meetings shall be resolved by the majority of votes of attending members and in case of equal votes the Chairperson shall have the casting vote. The Board shall have the right to invite to the meetings those whose experience is seen to be needful without having their votes counted. National Telecom. Reg.Authority 9