37Removal of Managing Director from office

#### 37 Removal of Managing Director from office (1) The Managing Director holds office during the Board’s pleasure. (2) If the Managing Director: (a) engages in paid employment outside the duties of his or her office without the approval of the Board; or (b) is absent from duty, except on leave granted by the Board, for 14 consecutive days, or for 28 days in any 12 months; or (c) becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or makes an assignment of his or her remuneration for their benefit; or (d) fails, without reasonable excuse, to comply with section 36; the Board may remove the Managing Director from office. > Note: The appointment of the Managing Director 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).