12.— (1) A member of the Board shall hold office for such period, not exceeding 4 years from the date of his or her appointment, as the Minister shall determine.

(2) Subject to subsection (3), a member of the Board whose period of office expires by the passage of time is eligible for re-appointment as such a member.

(3) A member of the Board shall not hold office as such member for more than 2 terms of office that are consecutive.