(1A) In this section
—
metropolitan region has the meaning given in the
Planning and Development Act 2005 section 4(1).
(1) The Corporation is
to have a board of management consisting of —
(a) 2
members who represent small business in the areas of the State outside the
metropolitan region;
(b) 5
members who represent small business in the metropolitan region;
(c) the
Commissioner ex officio.
(2A) The board is the
governing body of the Corporation and, in the name of the Corporation, is to
perform the functions of the Corporation.
(2B) The Minister is
to —
(a)
appoint the members of the board referred to in subsection (1)(a) and (b); and
(b)
appoint one of those members to be the chairperson of the board.
(2) Subject to this
Act each appointed member shall hold office for such period not exceeding 3
years as is specified in the instrument of his appointment, but is eligible
for re-appointment.
(3) The Minister may
grant leave of absence to an appointed member on such terms and conditions as
the Minister determines.
(4) The Minister may
terminate the appointment of an appointed member for inability, inefficiency
or misbehaviour.
(5) If an appointed
member —
(a) is,
according to the Interpretation Act 1984 section 13D, a bankrupt or a person
whose affairs are under insolvency laws; or
(b) has
his appointment terminated by the Minister, pursuant to subsection (4); or
(c) is
absent, except on leave duly granted by the Minister, from 3 consecutive
meetings of the board of which he has had notice; or
(d)
resigns his office by written notice addressed to the Minister,
the office of that
member becomes vacant.
(6) The Minister may
fill any vacancies in the office of member.
[Section 5 amended: No. 73 of 1994 s. 4; No. 5 of
1998 s. 5 and 9; No. 38 of 2005 s. 15; No. 18 of 2009 s. 81; No. 20 of 2011
s. 9.]