Non-executive members of the governing bodyU.K.
3(1)The Authority must secure—U.K.
(a)that the majority of the members of its governing body are non-executive members; and
(b)that a committee of its governing body, consisting solely of the non-executive members, is set up and maintained for the purposes of discharging the functions conferred on the committee by this Schedule.
(2)The members of the non-executive committee are to be appointed by the Authority.
(3)The non-executive committee is to have a chairman appointed by the Treasury from among its members.