6(1)A person holds and vacates office as a non-executive member of the IMA in accordance with the terms and conditions of the person’s appointment.
(2)The terms and conditions of a person’s appointment as a non-executive member of the IMA are to be determined by the Secretary of State, subject to the following provisions of this Schedule.
(3)The chair is to be appointed for a period of up to 5 years.
(4)Any other non-executive member of the IMA is to be appointed for a period of up to 4 years.
(5)A non-executive member may resign by giving notice in writing to the Secretary of State.
(6)The Secretary of State may by notice in writing remove a person from office as a non-executive member of the IMA on any of the grounds mentioned in sub-paragraph (7), but must consult the other non-executive members before doing so.
(7)The grounds are—
(a)that the person has been absent from the IMA’s meetings for a continuous period of more than 6 months without the IMA’s permission;
(b)that, in the opinion of the Secretary of State, the person has a conflict of interest (within the meaning of paragraph 4(5)) which prevents the person carrying out the functions of the office;
(c)that the person has been convicted of a criminal offence;
(d)that, in the opinion of the Secretary of State, the person is unable, unwilling or unfit to carry out the functions of the office;
(e)any other grounds specified in the person’s terms of appointment.