4.—(1) There is hereby constituted a body corporate to be known as the Board of Trustees of the Institute, which —
(a)
shall have perpetual succession;
(b)
shall have a common seal; and
(c)
may sue and be sued in its corporate name.
[Act 23 of 2015 wef 12/08/2015]
(2) The Board shall consist of a Chairman and a Deputy Chairman to be appointed by the President and the following other members:
(a)
4 persons to be appointed by the President;
(b)
4 persons, one each to be appointed by the Singapore International Chamber of Commerce, the Singapore Chinese Chamber of Commerce and Industry, the Singapore Indian Chamber of Commerce and the Singapore Malay Chamber of Commerce;
(c)
2 persons, one each to be appointed by the Lee Foundation and the Shaw Foundation;
(d)
6 persons to be appointed by the President of the National University of Singapore; and
(e)
3 persons to be appointed by the President from among persons nominated by such professional bodies and organisations as the President may consult.
[5/81; 26/2001]
(3) The Director shall be an ex‑officio member of the Board.
(4) The Chairman, the Deputy Chairman and other members appointed by the President under subsection (2) shall hold office for a period of up to 3 years, unless the President otherwise directs, and shall be eligible for reappointment:
Provided that the President may at any time revoke such an appointment.
(5) The members appointed, otherwise than by the President, under subsection (2) shall hold office for a period of 3 years, unless the President otherwise directs, and shall be eligible for reappointment:
Provided that the person or body appointing such a member may at any time revoke his appointment.
(6) Any member of the Board may resign from the Board by giving notice in writing to that effect addressed to the Chairman and as from the date the Chairman receives the notice the member shall cease to be a member.
(7) If the Chairman is absent from any meeting of the Board, the Deputy Chairman shall act as chairman of the meeting.
(8) The Board may grant leave of absence to any member of the Board.
(9) Any member absenting himself from 4 consecutive meetings of the Board without having obtained leave of absence from the Board shall be considered as having resigned from the Board.
(10) If a vacancy occurs in the membership of the Board by the death, resignation, revocation of appointment of a member or otherwise, the vacancy shall be filled by the authority appointing that member, and any person so appointed shall hold office for so long as the member in whose place he is appointed would have held office.