(5) The Public Service Commission may with the approval of the President and subject to confirmation by the National Assembly make regulations for the performance of its functions. (6) The Public Service Commission shall submit and annual report on the performance of its functions to the National Assembly. PART 3: PUBLIC ENTERPRISES Public Enterprises 175 (1) In this Constitution, Public enterprise means any body corporate or other body or institution, wholly owned or controlled by the Government. (2) The members of the Board of directors or other governing body of a Public Enterprise shall be appointed by the President after consultation with the Public Service Commission and shall be selected from amongst persons of integrity, competence and maturity of judgment. A member of the National Assembly, the holder of a political office or an office of a political party shall not be qualified to be appointed to the Board of Directors or other governing body of a Public Enterprise. (3) The Chief Executive of a Public Enterprise shall be appointed by the President after consultation with the Board of Directors or other governing body of the Public Enterprise and the Public Service Commission. All other appointments to the staff of a public enterprise shall be made by the Board of Directors or governing body, or by some member of the staff of the public Enterprise appointed by the Board or governing body. (4) Within six months of the coming into force of this Constitution, an Act of the National Assembly shall establish a committee to monitor the operations of Public Enterprises, and shall prescribe the manner in which such enterprises shall be accountable to the National Assembly and shall conduct their affairs in order to promote efficiency, transparency and probity in all their undertakings.