Section 4, The Companies Act, 2009

(1) A person appointed as a member of the Commission (other than an ex-officio member) shall hold office for three years and shall be eligible for re-appointment for not more than two terms. (2) Any member of the Commission shall cease to hold office if – (a) he resigns his office by written notice to the President; (b) he becomes unsound of mind or is incapable of carrying out his duties; (c) he is convicted of any offence involving fraud or dishonesty; (d ) he is guilty of serious misconduct relating to his duties; (e) he is an undischarged bankrupt; (f) in the case of the Chairman or representative of the Sierra Leone Bar Association or the Institute of Chartered Accountants of Sierra Leone, if he is disqualified or suspended from practising his profession by the order of any competent authority made in respect of him personally; (g) fails to disclose any interest in any matter referred to in subsection (1) of section 7.