SCHEDULES

SCHEDULE 8Monitor

3Non-executive members: tenure

1

A person holds and vacates office as a non-executive member of Monitor in accordance with that person’s terms of appointment.

2

A person may at any time resign from office as a non-executive member by giving notice to the Secretary of State.

3

The Secretary of State may at any time remove a person from office as a non-executive member on any of the following grounds—

a

incapacity,

b

misbehaviour, or

c

failure to carry out his or her duties as a non-executive member.

4

The Secretary of State may suspend a person from office as a non-executive member if it appears to the Secretary of State that there are or may be grounds to remove the person from office under sub-paragraph (3).

5

A person may not be appointed as a non-executive member for a period of more than four years.

6

A person who ceases to be a non-executive member is eligible for re-appointment.