15Committee of management

15 Committee of management

(1) Seven persons shall be elected at the first general meeting of a Trust to form a committee of management of the Trust, and of these—

(a) two shall be elected to hold office until the second annual general meeting;

(b) two shall be elected to hold office until the third annual general meeting; and

(c) three shall be elected to hold office until the fourth annual general meeting.

S. 15(2) substituted by No. 29/2024 s. 11(1).

(2) The members of a Trust must elect a person to fill any casual vacancy in the committee of management at the next general meeting after the casual vacancy arises.

S. 15(2A) inserted by No. 29/2024 s. 11(1).

(2A) If a vacancy arises in a committee of management that results in the committee having less than 4 members, a general meeting must be held within 28 days after the vacancy arises to elect persons to fill any vacancies in that committee.

S. 15(3) amended by Nos 33/2013 s. 11(1), 29/2024 s. 11(2).

(3) Subject to section 15A, any person elected to fill a vacancy arising by expiration of the term of office for which a member was elected shall hold office until the third annual general meeting following the person's election, and any person elected to fill a vacancy otherwise arising shall hold office for the balance of the term of office of the member that the person replaces.

(4) It shall not be necessary for a member of a committee of management of a Trust to be a member of the Trust.

S. 15(5) amended by Nos 33/2013 s. 11(2), 29/2024 s. 11(3).

(5) No person shall be disqualified from being elected as a member of a committee of management of a Trust by reason of the fact that the person is an officer or employee of the Trust or is interested in a contract made by the Trust.

S. 15(5A) inserted by No. 29/2024 s. 11(4).

(5A) A member of a committee of management who has a material personal interest (whether pecuniary or otherwise) in a matter that is for deliberation at a general meeting or a meeting of the committee must declare that interest to the committee, unless—

(a) the interest arises because the member is also a member of the Trust, and the interest is held in common with other members of the Trust; or

(b) the member has previously declared that interest to the committee, and the nature or extent of the interest has not materially increased since that declaration.

S. 15(5B) inserted by No. 29/2024 s. 11(4).

(5B) A declaration under subsection (5A) must—

(a) be made as soon as practicable after the member becomes aware of the interest, and no later than the next general meeting or the next meeting of the committee of management (whichever occurs first); and