Section 5: The Board

5. The Board (1) The Trust shall be administered by a Board of Directors which shall consist of— (a) a Chairperson; (b) 2 representatives of fishermen elected by the registered artisanal, bank and semi-industrial fishermen; (c) one representative of fishermen from Rodrigues elected by the registered artisanal, bank and semi-industrial fishermen; (d) a representative of the Ministry responsible for the subject of fisheries; (e) a representative of the Ministry responsible for the subject of finance; (f) a representative of the Ministry responsible for the subject of shipping; (g) a representative of the Outer Islands Development Corporation; and (h) not more than 3 other persons, having experience in administrative, economic, financial or commercial matters or in matters relating to the fishing industry. (2) (a) The members referred to in subsection (1) (a) and (h) shall be appointed by the Minister and shall hold office for a period of 3 years and shall, at the end of their term of office, be eligible for reappointment. (b) The members referred to in subsection (1) (b) and (c) shall hold office for 3 years and be eligible for re-election. (c) Every member shall hold office on such other terms and conditions as the Minister thinks fit. (3) (a) The Board shall meet at least once a month at such time and place as the Chairperson may determine. (b) Notice of every meeting shall be given to the members by the Chief Executive Officer. (c) Five members, including the Chairperson, shall constitute a quorum. (d) Subject to this subsection, the Board shall regulate its proceedings in such manner as it thinks fit.