Indigenisation and Economic Empowerment Act updated May 2011 Vacation of office by members 3.(1) An member referred to in paragraph 2(1) shall vacate his or her office and his or her office shall become vacant— (a) one month after the date he or she gives notice in writing to the Minister of his or her intention to resign his or her office or after the expiry of such other period of notice as he or she and the Minister may agree; or (b) on the date he or she begins to serve a sentence of imprisonment, whether or not any portion has been suspended, imposed without the option of a fine— (i) in Zimbabwe, in respect of an offence; or (ii) outside Zimbabwe, in respect of conduct which, if committed in Zimbabwe, would have constituted an offence; or (c) if he or she becomes disqualified in terms of paragraph 1 to hold office as a member. (2) The Minister may require a member referred to in paragraph 2(1) to vacate his or her office if the member— (a) has been guilty of conduct which renders him or her unsuitable to continue to hold office as a member; or (b) has failed to comply with any condition of his or her office fixed in terms of paragraph 2(4); or (c) is mentally or physically incapable of efficiently performing his or her duties as a member. (3) The Minister, on the recommendation of the Board, may require a member referred in paragraph 2(1) to vacate his or her office if the Minister is satisfied that the member has been absent without the consent of the chairperson from three consecutive meetings of the Board, of which he or she has been given at least seven days’ notice, and that there was no just cause for the member’s absence. Suspension of members 4. The Minister may suspend from office a member, other than one referred to in section 7(1)(a) or (g), against whom criminal proceedings are instituted for an offence involving dishonesty and, whilst that member is so suspended, he or she shall not carry out any duties or be entitled to any remuneration or allowances as a member. Filling of vacancies on Board 5. On the death of, or the vacation of office by, a member other than one referred to in section 7(1)(a) or (g), his or her office shall be filled within three months in accordance with section 7. Meetings and procedure of Board 6.(1) The Board shall hold its first meeting on a date and place fixed by the Minister, and thereafter shall meet for the dispatch of business and adjourn, close and otherwise regulate its meetings and procedure as it thinks fit: Provided that the Board shall meet at least once every three months. - 17 -