SCHEDULES

SCHEDULE 8The Funding Councils and the Assets Board

Qualifications of members and tenure of office

5If the Secretary of State is satisfied that a member of the Corporation—

(a)has been absent from meetings of the Corporation for a period longer than six consecutive months without the permission of the Corporation; or

(b)is unable or unfit to discharge the functions of a member;

the Secretary of State may by notice in writing to that member remove him from office; and thereupon the office shall become vacant.