Textual Amendments
F1Sch. A1 inserted (1.4.2017) by Enterprise Act 2016 (c. 12), s. 44(5), Sch. 4 para. 9; S.I. 2017/346, reg. 2(a)
3(1)The non-executive members hold and vacate office in accordance with the terms of their appointment.E+W+S
(2)Those terms are to be determined by the Secretary of State, subject to the following provisions of this Schedule.
(3)A non-executive member must not be appointed for a term of more than five years.
(4)A non-executive member may resign from office at any time by giving written notice to the Secretary of State.
(5)The Secretary of State may remove a non-executive member from office on either of the following grounds—
(a)inability or unfitness to carry out the duties of office;
(b)absence from the IfA's meetings for a continuous period of more than 6 months without the IfA's permission.
(6)The previous appointment of a person as a non-executive member does not affect the person's eligibility for re-appointment.]