S.L. 260.6 Art. 7Disqualifications from appointment on the Board. Cap. 386.

No person shall be qualified to be appointed as, or remain, a member of the Board if he:

(a) is a member of the House of Representatives or of the European Parliament; or

(b) is a serving Judge or Magistrate; or

(c) is legally interdicted or incapacitated; or

(d) is convicted of an offence affecting public trust, or of theft or fraud, or of knowingly receiving property obtained by theft or fraud, or of bribery or of money laundering, or has otherwise been sentenced to a term of effective imprisonment for any offence other than an involuntary offence; or

(e) is subject to disqualification under article 320 of the Companies Act; or

(f) has a financial or other interest in any enterprise or activity which is likely to affect the discharge of his functions as a member of the Board:

Provided that the Prime Minister may waive the disqualification of a person under this paragraph if such person declares the interest and such declaration and waiver are published in the Gazette.