4BAppointment of Board-appointed director

4B Appointment of Board-appointed director

4B Appointment of Board-appointed director

(1) The Board-appointed director is to be appointed by unanimous decision of the directors referred to in section 8 (2) (a).

(2) A person is not eligible for appointment as the Board-appointed director if the person—

(a) is under the age of 18 years, or

(b) holds any office or place of profit under the Trust, or

(c) holds or has held the office of Board-appointed director, or

(d) was a candidate for election as a director referred in section 8 (2) (a) at the most recent election held for such directors.