3. A person who has been a member of the managerial body of a company in the communications sector in the two previous years, or is or has been an employee of, or a permanent contributor to, such a company, in a leadership or managerial position during that same period of time, may not be appointed. 4. Board of Directors members may not have interests of a financial nature or stakes in regulated companies of the communications sector. 5. The term of office of Board of Directors members shall be three (3) years renewable for an equal period. 6. In his or her absences or inability to act, the President of the Board of Directors shall be replaced by the voting member as designated by the Board. Section 22 Status 1. Board of Directors members are subject to the status of a public manager in all that does not result from the present Statutes, their remuneration being established by joint instruction of the Minister of Planning and Finance and of the Minister of Transport, Communications and Public Works. 2. The general regime of social security is applicable to Board of Directors members, except where these belong to civil service staffing tables, in which case the regime of their own place of origin shall be applicable. 3. Board of Directors members may not, in the course of their term of office, hold any other public office or carry out a professional activity, except in cases relating to the exercise of part-time teaching functions. 4. Board of Directors members are subject to the same incompatibilities and disqualification as incumbents of senior public offices. Section 23 Cessation of functions 1. Board of Directors members shall cease the exercise of their functions: (a) (b) (c) (d) At the expiry of the their term of office; Due to permanent disability or due to supervening incompatibility of the incumbent; By resignation; By dismissal decided by the Prime Minister, on the basis of a proposal from the Minister of Transport, Communications and Public Works, in case of a serious fault, proved to have been committed by the incumbent in the exercise of his or her functions or while fulfilling any obligation attached to his or her office; (e) On grounds of conviction for felony