27Consultation with Board about Investment Mandate

27 Consultation with Board about Investment Mandate

27 Consultation with Board about Investment Mandate

(1) Before giving the Board a direction under section 25, the Minister must—

(a) give the Board written notice about the proposal to make the direction accompanied by a copy of the draft direction to the Board, and

(b) invite the Board to make a submission to the Minister about the draft direction within a reasonable time specified in the notice,

(c) consider any submission made by the Board in accordance with the notice.

(2) If the Board makes a submission about a proposed direction under subsection (1), the submission and proposed direction must be published on the Corporation’s website.