The Laws of Zambia (2) A disclosure of interest made under this section shall be recorded in the minutes of the meeting at which it is made. 16. No action or other proceedings shall lie or be instituted against any Board member for or in respect of any act or thing done or omitted to be done in good faith in the exercise or purported exercise of his functions under this Act. Immunity of members 17. (1) For the better exercise of the functions of the Corporation contained in section seven, the Board shall- Appointment of Director-General and other staff (a) subject to the provisions of paragraph (b), and on such terms and conditions as it may determine, appoint a Director-General of the Corporation who, subject to the control of the Board, shall be responsible for the management of the business of the Corporation; and (b) not appoint or terminate the services of the Director General without the approval of the Minister. (2) The Board may appoint, on such terms and conditions as it may determine, such other staff as it considers necessary for the performance of its functions under this Act. PART III FINANCIAL PROVISIONSPART III FINANCIAL PROVISIONS 18. The Corporation shall establish a general fund- (a) into which all monies received by the Corporation shall be paid in the first instance; and (b) out of which all payments made by the Corporation shall be paid. 19. (1) The Corporation may establish a general reserve account to which may be appropriated from any surplus of revenue over expenditure such sums as the Board may approve. (2) Sums appropriated to the general reserve account in terms of subsection (1) may, with the approval of the Minister, be used for such purposes as the Corporation may consider expedient for the proper exercise of its functions and the development of its services and undertakings. Copyright Ministry of Legal Affairs, Government of the Republic of Zambia Establishment and operation of general fund Establishment and operation of general reserve account