Regulation 2

The Secretary of State may appoint not more than two members of the Corporation to the office of deputy chairman, and one member to the office of chief executive.

Subject to the following provisions of these Regulations, a person shall hold and vacate office as chairman, deputy chairman, chief executive or member of the Corporation in accordance with the terms of the instrument appointing him to his office.

A person who ceases to hold the office of chairman, deputy chairman, chief executive or member, as the case may be, shall be eligible for re-appointment.

A person may resign his office of chairman, deputy chairman, chief executive or member of the Corporation by giving the Secretary of State three months' notice in writing, or such shorter notice as the Secretary of State may approve.

If the chairman or a deputy chairman or the chief executive ceases to be a member he shall cease to be the chairman or a deputy chairman or the chief executive, as the case may be.