Removal of Board Members

(1) No person shall be appointed or remain a Director who is a member of the National Assembly. (2) The Minister may terminate the appointment of a Director appointed under section 8(1) of this Act, if the Director, as the case may be, (a) by letter to that effect addressed to the Minister, resigns his office; (b) becomes subject to the disqualification specified in subsection (1) of this section; 12 (c) becomes bankrupt or insolvent, or compounds with his creditors or benefits under the law for the relief of a bankrupt or makes any assignment in whole or in part of his income for the benefit of such creditors; (d) is convicted of an offence involving dishonesty, or of any other offence whether or not the convicted person is awarded any sentence; (e) becomes totally or permanently incapable of performing his duties; or (f) is guilty of gross misconduct. (3) The Minister may terminate the appointment of a Director who absents himself from three consecutive meetings of the Board without leave from the Board. (4) The Minister may terminate the appointment of non- governmental members of the Board if their nominating agency so requests in writing stating reasons for such termination.