Revised Laws of Saint Lucia (2022)

16.   Revocation

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    (1)   Cabinet may at any time, in writing, revoke the appointment of a director appointed under section 8(2) if upon evidence, Cabinet is satisfied that the director —

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      (a)     is disqualified from being a director of the board under section 14;

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      (b)     is guilty of neglect of duty, misconduct or malfeasance;

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      (c)     has failed to act in the best interest of the Bank; or

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      (d)     is disqualified on grounds of national security.

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    (2)   The shareholders other than the Government may at any time, in writing, revoke the appointment of a director appointed under section 8(4) if upon evidence the shareholders are satisfied that the director —

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      (a)     is disqualified from being a director of the board under section 14;

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      (b)     is guilty of neglect of duty, misconduct or malfeasance;

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      (c)     has failed to act in the best interest of the Bank; or

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      (d)     is disqualified on grounds of national security.