(1) Section 146 (as applied by sections 1173 and 1198) does not apply to the Supervisory Authority.
(2) A director may resign by letter addressed to the Minister and copied to the Supervisory Authority and the resignation takes effect on the date the Minister receives the letter.
(3) At any time, the Minister may remove for stated reasons, any director appointed under section 907(2), including a director nominated under section 907(2)(d).
(4) The Minister shall fill any vacancy that arises on the board as a consequence of the resignation or removal of a director by appointing a replacement nominated (or, as the case may be, chosen by the Minister) in the same manner as the replaced director.
(5) A director appointed under subsection (4) to replace another holds office for the remainder of the replaced director's term of office and the same terms and conditions apply to the new appointee.
(6) The directors may act despite one or more vacancies in their numbers.
(7) On and from the comme
…