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Board of Agency
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16. (1) The Agency shall have a Board (in this Act referred to as the “Board”) which shall consist of at least 5 and not more than 10 directors (including its chairperson), each of whom shall be appointed by the Minister, with the consent of the Minister for Public Expenditure and Reform.
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(2) The Minister, with the consent of the Minister for Public Expenditure and Reform, shall appoint one of the directors of the Board to be its chairperson.
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(3) The Board may act notwithstanding one or more vacancies among its directors subject to having a quorum of 3.
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(4) An appointment to the Board and the appointment of the company secretary of the Agency shall each be subject to such terms and conditions as are set out in the constitution of the Agency.
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(5) There may be paid to the directors of the Board, out of monies at the disposal of the Agency, such allowances for expenses incurred by them as the Minister, with the consent of the Minster for Public Expenditure and Reform, may determine.
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(6) The Minister shall, in appointing the directors of the Board, ensure that among those directors there are persons who in the opinion of the Minister have satisfactory experience, competence or qualifications in relation to construction, delivery of housing, which may include delivery of social and affordable housing, finance, and corporate governance.
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(7) The Minister shall, in so far as is practicable, endeavour to ensure that among the directors of the Board there is an equitable balance between men and women.
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(8) A director of the Board shall hold office for such period, not exceeding 5 years from the date of his or her appointment, as the Minister shall determine.
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(9) Subject to subsection (10), a director of the Board whose term of office expires by efflux of time shall be eligible for reappointment to the Board.
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(10) A person who is reappointed to the Board in accordance with subsection (9), shall not hold office for more than two terms of office, whether the terms are served consecutively or otherwise.
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