(1) The Council consists of between 14 and 21 persons being—
(a) the official members; and
(b) at least 4 appointed members of whom—
(i) at least 2 must be persons with financial expertise with relevant qualifications or experience in financial management;
(ii) one must be a person with commercial expertise at a senior level; and
(c) at least 4 Council appointed members; and
(d) at least 3 elected members.
(2) The official members of the Council are—
(a) the Chancellor;
(b) the Vice-Chancellor;
(c) the president (however designated) of the academic board or its equivalent.
(3) The appointed members are—
(a) at least 3 persons appointed by the Governor in Council under section 12(1) ; and
(b) one person appointed by the Minister under section 12(2).
(4) The Council appointed members are the persons appointed by the Council under section 13.
(5) The elected members are—
(a) at least 2 but not more than 3 persons elected or appointed by and from the staff of the University in accordance with the university statutes;
(b) at least one but not more than 2 persons elected or appointed by and from the students in accordance with the university statutes.
(6) The number of appointed members and the number of Council appointed members is to be the same.