(1) A member of the Governing Board—
(a) holds office for the period, not exceeding 5 years, specified in the instrument of appointment; and
(b) holds office on the terms and conditions (including remuneration and allowances) specified in the instrument of appointment; and
(c) is eligible for reappointment for one further term of office; and
(d) in respect of the office of member of the Governing Board, is subject to the Public Administration Act 2004 (other than Part 3 of that Act).
(2) An instrument of appointment may specify other terms and conditions of appointment not inconsistent with this Act.