4.—(1) The Board shall, in carrying out the objects of the University, have all the powers of a natural person, including the right to operate worldwide, which powers shall be exercised by the Board on behalf of and in the name of the University either in its sole capacity or with others.
(2) Those powers shall include (without imposing any limitation on those powers) power to:–
(a)admit and deal with students;
(b)confer on any person higher and other education awards including degrees, diplomas, certificates and other academic awards or distinctions and honorary degrees;
(c)deprive the recipient of a University award of that award;
(d)create, award and maintain fellowships, scholarships, studentships and other prizes;
(e)create and maintain codes of conduct and regulations required for the maintenance of standards and good order within the University;
(f)enter into contracts;
(g)form and maintain arrangements with any person;
(h)acquire, hold and dispose of any legal entity or business;
(i)acquire, hold and dispose of any of the undertakings, rights, assets or liabilities of the University;
(j)charge fees for any service provided by the University;
(k)buy, hold, lease, construct and sell any heritable or moveable property (including stocks, shares, loans and intellectual property rights) and to borrow and to give and take security of all types;
(l)invest University monies and assets as it sees fit;
(m)approve student bodies, entities and associations;
(n)create and own intellectual property, any discovery and invention of any type and to exploit these commercially;
(o)establish and maintain an alumni association;
(p)employ staff;
(q)to sue and be sued in the name of the University; and
(r)exercise the organisational functions listed in article 5(7).
(3) The Board, acting on behalf of the University, shall exercise its functions without unlawful discrimination of any type.