The Pension Board: membership
6.—(1) The Pension Board is to consist of the following members who are to be entitled to vote in its proceedings—
(a)a chair appointed by the scheme manager;
(b)board members, to be appointed by the scheme manager;
(2) The total number of board members shall be determined by the scheme manager.
(3) The Pension Board shall comprise of an equal number of employer representatives and member representatives and for these purposes the scheme manager must be satisfied that—
(a)a person appointed as an employer representative has the capacity and understanding to represent it as employer;
(b)a person appointed as a member representative has the capacity and understanding to represent members.
(4) A member of the Pension Board is to hold and vacate office in accordance with the terms of that member’s appointment.