In a statement the body states, it will co-operate with a process established by the Housing Minister, in which a Senior Counsel has been appointed to report on certain allegations related to a board member, which the member denies.
The board is also reviewing and seeking legal advice in respect of certain issues arising from these matters.
The controversy centres on allegations of conflicts of interest
Paul Hyde has agreed to absent himself from his duties as Deputy Chairperson for the time being, on a strictly without prejudice basis.