2. The Chief Executive

(1) Pursuant to the ADGM Founding Law, the Board shall appoint, remove and replace the head of the management of the Regulator.
(2) The head of the management of the Regulator shall have the title of Chief Executive.
(3) The Board must only remove or replace the Chief Executive when the Board and the Chairman of the Regulatory Committee agree that there is Just Cause for such removal or replacement.