(1) In relation to matters not provided for under this Act, a director holds office on the terms of appointment decided by the Governor in Council.
(2) Except as decided by the Governor in Council, a director is not entitled to receive any payment, any interest in property or other valuable consideration or benefit—(a) by way of remuneration as a director; or(b) in connection with retirement from office, or other termination of office, as a director.