(1) The Minister may at any time remove a member of the Board from office if -
(a) in the Minister's opinion, the member has become incapable through ill-health of performing his or her functions or has committed stated misbehaviour, or
(b) the member's removal from office appears to the Minister to be necessary for the effective performance of the Board's functions.
(2) A member of the Board ceases to be qualified for office and ceases to hold office if the member -
(a) is adjudicated bankrupt,
(b) makes a composition or arrangement with creditors,
(c) is, on conviction on indictment by a court of competent jurisdiction, sentenced to imprisonment, or
(d) is disqualified or restricted from being a director of any company (within the meaning of the Companies Acts 1963 to 2003).
(3) A member of the Board shall, subject to this Act, hold office on the terms and conditions (including terms and conditions relating to remuneration and allowances) that may be determined by the Minister w