Paragraph 8 Tenure and remuneration of non-executive membersI1

A non-executive member of the Board holds and vacates office in accordance with that person’s terms of appointment, subject to this paragraph and paragraph 9.

Any appointment of a non-executive member must be for a fixed term of not more than five years.

But a person may be appointed as a non-executive member more than once.

A person may resign as a non-executive member by notifying the Secretary of State.

A person ceases to be a non-executive member upon becoming a member of the IFR’s staff.