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8.—(1) Any Governor ex officio specified in article 4(1)(b) shall hold the office of such Governor for the duration of his tenure of the office by virtue of which he is such Governor.
(2) Any Governor appointed to the Board of Governors under article 4(1)(a) or (c) or co-opted to it under article 5 may be further appointed or co-opted to it on expiry of his term of office, if he is still eligible in accordance with this Order and his appointment is not precluded by paragraph (3).
(3) A person shall not be appointed or co-opted to the Board of Governors where his term of office, if aggregated with any previous terms of office, would cause him to serve for more than 12 years as Governor.
(4) For the purposes of paragraph (3), a term of office shall include any term of office as a Governor, whether served before or after the coming into force of this Order, and whether taken by appointment under article 4(1)(a) or (c) or co-option under article 5, or otherwise, but not any term of office served ex officio.
(5) The Board of Governors shall make rules for the duration of the terms of office of Governors appointed under article 4(1)(a) or (c) or co-opted under article 5, which rules may be revoked and replaced, or varied, by further rules made by the Board of Governors:
Provided that:
no Governor shall be appointed or co-opted for a term of office of more than four years; and
no variation or revocation of rules for the duration of the terms of office of Governors shall have effect so as to vary or terminate the period of office of any person who is a Governor at the time when the said variation or revocation takes effect.
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