Section 14
Vacation of office
of Financial Reporting Act 1997
ActIn forceProvision 14 of 34
Section 14
(1)
A member of the Foundation or the Board ceases to hold office upon his death.
(2)
A member of the Foundation or the Board shall be deemed to have vacated his office upon his failure to attend three consecutive meetings of the Foundation or the Board without leave of—
(a)
the Minister, in the case of the Chairman; or
(b)
the Chairman, in the case of any other member.