Conditions of membership
13 Conditions of membership
A director will be appointed for a term, not exceeding four years, specified in the instrument of appointment and will, at the expiration of a term of appointment, be eligible for reappointment.
However, the term of office of a retiring director will continue until he or she is reappointed or a successor is appointed (as the case may be).
The Governor may remove a director from office on the recommendation of the Minister.
The Minister may recommend the removal of a director on any ground that the Minister considers sufficient.
The office of a director becomes vacant if the director—
dies; or
completes a term of office and is not reappointed; or
resigns by written notice to the Minister; or
becomes bankrupt or applies to take the benefit of a law for the relief of insolvent debtors; or
is convicted of an indictable offence or sentenced to imprisonment for an offence; or
is removed from office under subsection (3).
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