Section 108 — Pensions Act 2004: Membership of the Board

Membership of the Board 108 1 The Board is to consist of the following members—

a a chairman, b the Chief Executive of the Board, and c at least five other persons (“ordinary members”).

2 The chairman must not be appointed from the staff of the Board or be the chairman of the Regulator.

3 The number of ordinary members must not exceed any maximum number which may be prescribed.

4 At least two ordinary members must be appointed from the staff of the Board.

5 No member of the Determinations Panel established by the Regulator under section 9, or member of the staff of the Regulator, is eligible for appointment as a member of the Board.

6 Any power to appoint ordinary members must be exercised so as to secure that a majority of the members of the Board are non-executive members.

7 In this Part—

a references to executive members of the Board are to—

i the Chief Executive, and ii the ordinary members appointed from the staff of the Board, and b references to non-executive members of the Board are to members who are not executive members.