National Reconstruction Fund Corporation Act 2023
26Termination of appointment of Board members
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26 Termination of appointment of Board members
The Ministers may terminate the appointment of a Board member: (a) for misbehaviour; or (b) if the member is unable to perform the duties of the member’s office because of physical or mental incapacity; or (c) if the member: (i) becomes bankrupt; or (ii) applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or (iii) compounds with the member’s creditors; or (iv) makes an assignment of the member’s remuneration for the benefit of the member’s creditors; or (d) if the member is absent, except on leave of absence, from 3 consecutive meetings of the Board.
Note: The appointment of a Board member may also be terminated under section 30 of the Public Governance, Performance and Accountability Act 2013 (which deals with terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials).