PART 1THE INDEPENDENT REMUNERATION BOARD

Appointments, etc.

Termination of membership of the F1Board6

(1)

The appointment of a person as a F1Board member ceases—

(a)

on the expiry of the term for which that person was appointed;

(b)

if that person resigns by giving notice in writing to the Commission;

(c)

if that person becomes disqualified from being a F1Board member; or

(d)

if the Commission dismisses that person under subsection (2).

(2)

The Commission may dismiss a person from office as a F1Board member if it is satisfied that—

(a)

the person has been convicted of a criminal offence;

(b)

the person has become bankrupt F2or is the subject of a bankruptcy restrictions order F3or has had a debt relief order made in respect F4of them or is the subject of a debt relief restrictions order or made an arrangement or composition with the person's creditors;

(c)

the person has without reasonable excuse failed to discharge the functions of a F1Board member for a continuous period of 3 months beginning not earlier than 6 months before the day of dismissal;

(d)

the person is unfit or unable to carry out those functions.