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Article 8 Term of office of governors

Original text. Later amendments are not shown.

(1)

The governor appointed under article 3(b) holds office for the duration of that person’s appointment as Director.

(2)

Subject to paragraphs (5) to (9), the Board of Governors may make rules as to the duration of the term of office of governors appointed under article 3(a) and (c) to (g), and may vary or revoke and replace such rules.

(3)

No variation or revocation of rules as to the duration of the term of office of governors may supersede the rules prevailing at the time of a governor’s original appointment.

(4)

Any governor re-appointed to the Board of Governors subsequent to a variation or revocation and replacement of the rules as to the duration of the term of office of governors shall be subject to the rules as varied or replaced.

(5)

A governor appointed under article 3(a) is to hold office for an initial term not exceeding 4 years and may be reappointed for one further consecutive term of up to 4 years.

(6)

A governor appointed under article 3(c) to (e) or (g) is to hold office for an initial term not exceeding 3 years and may be reappointed for up to two further terms, each of which may last for up to 3 years.

(7)

A governor appointed under article 3(f) is to hold office for an initial term not exceeding 1 year and may be reappointed for one further term of up to 1 year.

(8)

A governor appointed under article 3(a) and (c) to (g) may be re-appointed on the expiry of the governor’s term of office unless the aggregate of the governor’s intended term of office and any previous term of office would result in that governor’s service for an overall term of more than 9 years, and any appointment or reappointment of any such governor shall be subject to such aggregate limit on their term of office.

(9)

For the purposes of paragraph (8), a governor’s aggregate term of office shall include any term of office as a governor appointed under article 3(a) or (c) to (g), whether served before or after the coming into force of this Order, but not any term of office as a governor appointed under article 3(b).