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2(1)The Board shall consist of at least six members (in this Schedule referred to as “trustees”) who shall be appointed by the Prime Minister; and the trustees shall appoint one of their number to be chairman.E+W
(2)In appointing any trustee, the Prime Minister shall have regard to the desirability of that person’s having knowledge and experience which would be of use to the Board in exercising their functions.
(3)No trustee shall be appointed for a period of more than five years.
(4)A trustee may resign his office by notice in writing addressed to the Prime Minister.
(5)A person shall cease to be chairman—
(a)if he resigns as such by notice in writing addressed to the Board; or
(b)if he ceases to be a trustee.
(6)Subject to the provisions of this paragraph, a trustee or chairman shall hold and vacate office in accordance with the terms of his appointment.
(7)A person who ceases to be a trustee or chairman shall be eligible for re-appointment.
(8)Any appointment by virtue of which a person holds office as one of the Trustees of the Wallace Collection immediately before the day of the Board’s establishment—
(a)shall have effect on and after that day as an appointment under sub-paragraph (1) above; and
(b)shall, notwithstanding sub-paragraph (3) above, so have effect until the expiration of the period for which that person was appointed as one of the Trustees of the Wallace Collection.
(9)The Lord President of the Council may by order made by statutory instrument amend sub-paragraph (1) above by varying the number for the time being there specified as the minimum number of members of the Board.
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