15 C.F.R. § 1500.44
Disqualification and removal
(a) In the event that any Board member or alternate Board member who was appointed as a manufacturer ceases to qualify as a manufacturer, such Board member or alternate Board member shall be disqualified from serving on the Board.
(b) [Reserved]
(c) All members serve at the pleasure of the Secretary. The Board may recommend to the Secretary that a member be removed from office.