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Terms of appointment and conditions of office of Board members
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9. (1) Subject to subsection (2), a member of the Board shall hold office, unless the member sooner resigns, dies, becomes disqualified or is removed from office, for such period, not exceeding 4 years from the date of his or her appointment, as the Minister shall determine.
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(2) Of the ordinary members of the Board that are first appointed under this Act—
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(a) such 3 members as are determined by the Minister shall hold office for a period of 3 years from the date of their respective appointments as ordinary members, and
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(b) the remaining 3 members shall hold office for a period of 4 years from the date of their respective appointments as ordinary members.
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(3) Subject to subsection (4), a member of the Board whose term of office expires by the effluxion of time shall be eligible for reappointment to the Board.
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(4) A person who is reappointed to the Board in accordance with subsection (3) shall not hold office for periods the aggregate of which exceeds 7 years.
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(5) The chairperson and ordinary members of the Board shall—
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(a) hold office upon such terms and conditions (including terms and conditions relating to remuneration and allowances for expenses) as may be determined by the Minister, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, and
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(b) be paid out of moneys at the disposal of the Agency.
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(6) A member of the Board may resign from office by notice in writing addressed to the Minister and the resignation shall take effect on the date the Minister receives the notice, or, if a date is specified in the notice and the Minister agrees to that date, on that date.
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