42 Conditions of employment of Governor

(1)

The Governor shall be appointed for a term of 5 years and may be reappointed for a further term or terms, each of up to 5 years.

(2)

The conditions of employment of the Governor, including remuneration, shall be—

(a)

determined by agreement between the Minister and the Governor after consultation with the Board; and

(b)

tabled at the first Board meeting after they are agreed.

(3)

No condition of the agreement shall have effect if it is inconsistent with the Bank’s functions or limits or prevents the Governor from ensuring that those functions are carried out.