Term of office and removal

(1) A member shall hold office for four years, and not eligible for appointment again until four years after his term expires. (2) Notwithstanding subsection (1) of this section, three of the persons first appointed under section 19 (1) (b) of this Act, as decided by the Governor-General at the time of their appointment, shall hold office for three years. (3) A member may resign at any time by notice to the Minister, and shall do so if, being a member appointed pursuant to paragraph (a) of subsection (1) of section 19 of this Act, he ceases to be qualified. (4) A member shall not be removed from office before expiry of his term unless he, (a) becomes bankrupt or insolvent under the laws of any country, compounds with his creditors of benefits under any law of any country for 32 Management Fund the relief of a bankrupt or makes any assignment in whole or in part of his income for the benefit of his creditors; (b) is convicted of an offence involving dishonesty; (c) becomes substantially or totally incapable of performing his duties due to illness or infirmity; (d) conducts himself in a way that contravenes the requirements of section 121 of the Constitution; or (e) absents himself from three consecutive meetings of the Board without leave of the Chairperson (and if the Chairperson, without leave of the Board, he not having a vote on the matter).