1. The Board shall be chaired by a full-time Chair.

2. The Chair shall be responsible for:

(a) preparing the work of the Board, in its plenary and executive sessions, and convening and chairing its meetings;

(b) all staff matters;

(c) matters of day-to-day administration;

(d) the establishment of a draft budget of the Board in accordance with Article 61(1) and the implementation of the budget of the Board, in accordance with Article 63;

(e) the management of the Board;

(f) the implementation of the annual work programme of the Board;

(g) the preparation, each year, of a draft of the annual report referred to in Article 45 with a section on the resolution activities of the Board and a section on financial and administrative matters.

In the performance of the tasks referred to in this Article, the Chair shall be assisted by a dedicated staff.

3. The Chair shall be assisted by a Vice-Chair.

The Vice-Chair shall carry out the functions of the Chair in his or her absence or reasonable impediment, in accordance with this Regulation.