8. Tenure of office
(1) A member of the Board shall be appointed to hold office for a period of 3 years from the date of his appointment, and unless disqualified by this Act any person retiring from membership on the Board shall be eligible for renomination and reappointment as a member of the Board.
(2) The exercise of a power or the performance of a function by the Board is not invalidated by reason only that there is a vacancy or vacancies in the membership of the Board.
(3) The appointment of a member is not invalidated and shall not be called into question by reason of a defect or irregularity in or in connection with his nomination.