PART 2Governance
The Pension Board: membership6
1
The Pension Board is to consist of the following members who are to be entitled to vote in its proceedings—
a
a chair appointed by the scheme manager;
b
board members, to be appointed by the scheme manager;
2
The total number of board members shall be determined by the scheme manager.
3
The Pension Board shall comprise of an equal number of employer representatives and member representatives and for these purposes the scheme manager must be satisfied that—
a
a person appointed as an employer representative has the capacity and understanding to represent it as employer;
b
a person appointed as a member representative has the capacity and understanding to represent members.
4
A member of the Pension Board is to hold and vacate office in accordance with the terms of that member's appointment.