PART IITHE BOARD

Termination of office7.

(1)

If the Board is satisfied that a Board member—

(a)

has without the permission of the Board been absent from Board meetings during a period when three such meetings have been held;

(b)

has become bankrupt or has made an arrangement with the creditors of the Board member;

(c)

has made an untrue or incomplete declaration of interests; or

(d)

is incapacitated by physical or mental illness from discharging the functions of a Board member;

the Board may declare the office of such a member vacant and thereupon the office shall become vacant.

(2)

Any Board member may resign office at any time upon giving the Board not less than three weeks' written notice of such intention.