(b) four other Directors
(2)
The members of the Board of Directors shall be
appointed from among persons of standing and
experience in financial matters by the President, in
consultation with the Public Service Commission.
(3)
Subject to the provisions of this section the
Directors, other than the Chairman, shall be
appointed for a term of two years and the
appointments shall be made with a view to ensuring
that no more than two such Directors; terms of
office expire in any one year. Such Directors may
be reappointed for a further term.
(4)
Any Director may be removed from office by the
President if(a) he or she is convicted of an offence involving
dishonesty or fraud;
(b) he or she is declared bankrupt or makes a
composition with his or her creditors;
(c) he or she is unable to perform the functions of
his or her office due to infirmity of mind or
body or for any other cause; or
(d) he or she knowingly engages in any activity
detrimental to the interests of the Central Bank.
(5)
A Director shall have the right to be heard in
person or by his or her legal representative against
any proposal to remove him or her.
(6)
Where a Director is, by reason of illness which is
believed to be of limited duration, unable to
perform the functions of his or her office, the
President may appoint a suitably qualified person to
act for such Director.
(7)
Except with the approval of the National Assembly,
neither the governor nor any General Manager of
the Central Bank shall hold any other office of
profit or emolument or occupy any other position
carrying the right to remuneration for the rendering
of services.
(8)
Nothing in this section shall be construed as
prohibiting any Director, other than the Governor,
from conducting business with the Central Bank or
any other person or authority, provided he or she
declares his or her interest in writing to the Board