Sovereign Wealth Fund Act

34. Resignation, removal and vacancy in office

Edition: 2026-07-24 · In force

The Chairperson and any other member of the Board, other than an ex officio member, may—

(a)at any time, resign from office by notice in writing to the appointing authority; or

(b)be removed from office if the Chairperson or member—

(i)has been absent from three consecutive meetings of the Board without good cause;

(ii)is adjudged bankrupt or enters into a composition or scheme of arrangement with his or her creditors;

(iii)is convicted of an offence involving dishonesty or fraud;

(iv)is convicted of a criminal offence and sentenced to imprisonment for a term exceeding six months; or

(v)is incapacitated by prolonged physical or mental illness.