Section 31 Electricity Act 2023
Section 31 of the Electricity Act 2023 is about Term of office of members of the Board. It is under Part IV (Incorporation and Licensing of ISO) of the Act.
The Commission shalt cerise the incorporation document of the ISO to include the following —
(a) an executive member of the Board shall cease to be a director of the ISO if he ceases to be an employee of the company;
(b) the non-executive members of the Board may serve for an initial term of four years; and
(c) upon the expiration of the initial term of any of the non-executive members of the Board appointed, such member may be eligible for reappointment for another term of four years and no more.
