11AMembers' statement of expectations

### 11A Members' statement of expectations > [*\[Section 11A Inserted by No. 9 of 2018, s. 15, Applied:10 Sep 2018\]*](/view/html/inforce/2018-09-10/act-2018-009#GS15@EN) > > > (1)  The members of a company are to provide the board of directors with a statement of expectations. > > > (2)  The statement of expectations is to specify – > > > > > > (a) the expectations of the members in relation to the strategic priorities of the company; and > > > > > > > (b) the policy expectations of the members for the performance of the company and its subsidiaries. > > > (3)  The members of a company, at any time, may at their own discretion or on the application of the board of directors – > > > > > > (a) amend the statement of expectations; or > > > > > > > (b) revoke the statement of expectations and substitute another statement of expectations. > > > (4)  Before or while preparing a statement of expectations or an amendment to a statement of expectations, the members of a company are to consult with the board of directors. > > > (5)  A statement of expectations and an amendment to a statement of expectations are to be in writing and signed by each member. > > > (6)  A statement of expectations, or an amendment to a statement of expectations, takes effect on a day specified in it, being a day not earlier than the day on which the statement or amendment is provided to the company. > > > (7)  The Minister must cause a copy of the statement of expectations, or of an amendment to a statement of expectations, to be laid before each House of Parliament within 10 sitting-days after the statement or amendment has been signed as required by [subsection (5)](#GS11A@Gs5@EN) .