The Board is the governing body of the Reserve. The principal functions of the Board are to

1. establish, monitor and oversee implementation of the Reserve’s policy;
2. monitor and oversee the management of the Reserve ensuring that
   1. the Reserve’s resources are economically and efficiently utilized;
   2. adequate internal financial and management controls are in place;
   3. the Reserve operates according to principles of good governance; and
   4. the Reserve fulfils its statutory obligations and properly discharges its functions
3. approve the Reserve’s financial estimates, annual work plan and financial statements, and a suitably qualified auditor to inspect the latter.