The LINX Board is currently comprised of an appointed independent Chairman, 6 elected non-executive directors an appointed executive director, the Chief Executive, and 3 further executive directors although Clause 27 of the Memorandum and Articles of Association states that the Board may be comprised of any number of members subject to these restrictions:
- 27.1. The Chairman;
- 27.2. no less than 3 and no more than 6 Representative Directors;
- 27.3. the Chief Executive;
- 27.4. no more than three Executive Directors in addition to the Chief Executive;
Clause 28 goes on to define the election and retirement of Board members. Board members (elected, i.e. other than the Chairman and the executive directors) are voted in at the Annual General Meeting (AGM) of the Company or can be co-opted by the Board at any time provided the term of the co-opted Board member expires at the next AGM. Board members are retired by rotation every three years but are eligible to restand for election, subject to a limit of nine consecutive years.
In the case of an executive director, their term of office expires when they cease to be an employee of LINX.
LINX Board members agree to abide by the guidance contained in the LINX censure paper.