Section 5: Tenure of members

1 A member other than ex-officio —
a shall hold office for a term of four years and no more; and
b may hold office on such terms and conditions as may be specified in his letter of appointment.

2 A member may, be removed from office by the President for inability to discharge the functions of his office (whether arising from infirmity of mind or body) or if the President considers that it is not in the interest of the Fund or the Public for the member to continue in office.