MembershipU.K.
2U.K.Subject to the following provisions, a person shall hold and vacate office as chairman, deputy chairman or other member of the Board in accordance with the terms of the instrument appointing him.
3U.K.A person may at any time resign office as chairman, deputy chairman or other member of the Board by giving written notice of his resignation signed by him to the Secretary of State.
4(1)If a member of the Board becomes or ceases to be chairman or deputy chairman, the Secretary of State may vary the terms of the instrument appointing him to be a member so as to alter the date on which he is to vacate office.U.K.
(2)If the chairman or deputy chairman ceases to be a member he shall cease to be chairman or, as the case may be, deputy chairman.
5(1)If the Secretary of State is satisfied that a member of the Board—U.K.
(a)has been absent from meetings of the Board for a period longer than 3 consecutive months without the Board’s permission; or
(b)has become bankrupt or made an arrangement with his creditors,
the Secretary of State may remove that member.
(2)In the application of sub-paragraph (1) to Scotland, for the references to a member’s having become bankrupt and to his having made an arrangement with his creditors there shall be substituted respectively references to sequestration of the member’s estate having been awarded and to his having made a trust deed for the behoof of his creditors or a composition contract.
(3)Without prejudice to the previous provisions, the Secretary of State may remove a member of the Board on the ground of incapacity or misbehaviour.