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Appointed directors ceasing to hold office
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20. (1) A director of the Board may resign from office by giving notice to the Minister of his or her resignation and the resignation shall take effect on the day on which the Minister receives the notice.
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(2) The Minister may at any time remove a director of the Board from office, if in the Minister’s opinion, the director has become incapable through ill-health of performing his or her functions, or has committed stated misbehaviour, or his or her removal appears to the Minister to be necessary for the effective performance by the Agency of its functions.
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(3) A director of the Board, shall cease to be qualified for office and shall cease to hold office if he or she—
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(a) is adjudicated bankrupt,
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(b) makes a composition or arrangement with his or her creditors,
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(c) is sentenced by a court of competent jurisdiction to a term of imprisonment,
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(d) is convicted of any indictable offence in relation to a company,
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(e) is convicted of an offence involving fraud or dishonesty,
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(f) has a declaration under section 819 of the Companies Act made against him or her or is deemed to be subject to such a declaration by virtue of Chapter 5 of Part 14 of that Act, or
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(g) is subject or is deemed to be subject to a disqualification order, within the meaning of Chapter 4 of Part 14 of the Companies Act, whether by virtue of that Chapter or any other provision of that Act.
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