Cap. 204 чл. 9Directors other than Governor and DeputyGovernors.

(1) For the purposes of this article, the term director shall exclude the Governor and the Deputy Governors.

(2) The directors of the Bank, shall -

(a) be appointed by the Prime Minister acting on the advice of the Cabinet of Ministers;

(b) be persons of recognised standing and professional experience in economic, financial or banking affairs;

(c) hold office for a period of five years and on such terms and conditions as may be set out in their respective letters of appointment, and shall be eligible for reappointment;

(d) be entitled to such honorarium as the Prime Minister may determine.

(3) No person shall be appointed or shall remain a director who -

(a) is a member of the House of Representatives;

(b) is a director or salaried official of an institution licensed to provide financial or banking services or holds more than one per centum of the ordinary paid up share capital of such institution;

(c) is an officer in the public service;

(d) under the law of any country has been adjudged bankrupt or made a composition with his creditors or is legally incapacitated or has been convicted of a crime affecting public trust or of theft or of fraud or of knowingly receiving property obtained by theft or fraud;

(e) holds any other position, or is otherwise in a position, which is in conflict with his duties as a director under this Act.

(4) A director may be relieved of his office on the grounds of inability to perform the functions of his office, or of misbehaviour; and for the purposes of this sub-article, repeated unjustified non-attendance of Board meetings may deem to amount to misbehaviour.