25Terms of office

25 Terms of office

(1) Subject to subsection (2), an appointed Director: (a) is to be appointed on a part‑time basis; and (b) holds office for such period (not exceeding 5 years) as is specified in the instrument of appointment, but is eligible for re‑appointment. (2) Each special purpose Director: (a) is appointed only until the special purpose specified in the instrument of his or her appointment has been completed; and (b) is a member of the Board only during any period when the Board is actually undertaking that special purpose.