(1) The Minister may, on the recommendation of the Board or of the Pensions Authority, remove a member of the Board from office if he or she is satisfied that -

(a) the member has, without reasonable excuse, failed to discharge the functions of the office,

(b) the member has become incapable through ill-health or otherwise of performing the functions of the office,

(c) the member has committed stated misbehaviour (other than misbehaviour which is the basis for a conviction referred to in section 15 as a result of which the member is required to cease to hold office in accordance with that provision),

(d) the member's removal is necessary for the effective and efficient performance by the Board of the functions of the Authority or of the Board, or

(e) the member has, in the view of the Board or of the Pensions Authority, a conflict of interest of such significance that the member should cease to hold office.

(2) Where the Minister proposes to remove a member from office under subsection (1), the Minister shall give notice in writing to the member of that proposal.