New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) A director may at any time resign his office by delivering a notice in writing to that effect to the Board.
(2) A director may at any time be removed from office by the Governor-General for inability to perform the functions of the office, neglect of duty, or misconduct, proved to the satisfaction of the Governor-General.
(3) Where a director dies, resigns, or is removed from office, the vacancy occurring shall be called an extraordinary vacancy.
(4) On the occurrence of an extraordinary vacancy, the Board shall forthwith notify the person or body by whom the director vacating office was appointed or elected of the vacancy.
(5) An extraordinary vacancy shall be filled in the same manner as the appointment or election of the director vacating office.
Subsection (2) was amended, as from 1 January 2002, by section 70(1) Human Rights Amendment Act 2001 (2001 No 96), by substituting the words “inability to perform the functions of the office”
for the word “disability”
.