Disqualifications to be a director

(1) No person shall be appointed or remain a director who is a member of the Cabinet as provided in section 44 of the Belize Constitution. (2) The Minister may terminate the appointment of the Chairman or any other director only if the Chairman or such director, as the case may be– (a) resigns his office by writing under his hand addressed to the Minister; (b) becomes subject to the disqualification specified in sub-section (1); (c) becomes bankrupt or insolvent, 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 offence punishable with not less than one year imprisonment; Belize Trade and Investment Development Service [CAP. 282 15 (e) becomes totally or permanently incapable of performing his duties; (f) is guilty of gross misconduct. (3) The Minister may terminate the appointment of a director who absents himself from three consecutive meetings without leave from the Board. (4) In the case of a member of the Board appointed under section 7(1) (c) and (d), the Minister may also terminate the directorship of such member if a request from the organisation which nominated him is received to that effect. (5) The names of all members of the Board as first constituted, their terms of office and every change in the membership shall be published in the Gazette. CAP. 31.