Electricity Retained Interest Corporations Act 2015
22Chairperson
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22 Chairperson
22 Chairperson
(1) A Board is to have a Chairperson.
(2) The Treasurer is to appoint the first Chairperson of a Board from among the members of the Board.
(3) A Board is to appoint a Chairperson of the Board from among the members of the Board to fill a vacancy in the office of Chairperson.
(4) The Chairperson is to hold office for a term of 2 years and is eligible (if otherwise qualified) for reappointment.
(5) A person vacates office as Chairperson of a Board if the person—
(a) completes a term of office as Chairperson and is not reappointed, or
(b) is removed from that office by the Board, or
(c) resigns that office by letter addressed to the Board, or
(d) ceases to be a member of the Board.
(6) A Board may remove its Chairperson from office at any time for any or no reason and without notice.