sch.4-sec.114Exercise of reserve power of shareholding Ministers to notify GOC’s board of public sector policies

### sch.4-sec.114 Exercise of reserve power of shareholding Ministers to notify GOC’s board of public sector policies This section applies if, under section 114 (as it applies to GOCs), the shareholding Ministers of a shareholding GOC of a prescribed GOC subsidiary notify the GOC’s board, in writing, of a public sector policy that is to apply to the GOC and its subsidiaries. The GOC must notify the subsidiary of the policy at least to the extent that the policy concerns the subsidiary . The subsidiary’s board must ensure that the policy is carried out in relation to the subsidiary to the extent that the policy concerns the subsidiary . (omitted) (omitted) sch 4 pt 2 ch 3 pt 10 s 114 ins 1998 No. 21 s 3 sch 1 amd 2007 No. 10 s 62 sch ; 2009 No. 9 s 120 (sch.4-sec.114-ssec.1) This section applies if, under section 114 (as it applies to GOCs), the shareholding Ministers of a shareholding GOC of a prescribed GOC subsidiary notify the GOC’s board, in writing, of a public sector policy that is to apply to the GOC and its subsidiaries. (sch.4-sec.114-ssec.1A) The GOC must notify the subsidiary of the policy at least to the extent that the policy concerns the subsidiary . (sch.4-sec.114-ssec.2) The subsidiary’s board must ensure that the policy is carried out in relation to the subsidiary to the extent that the policy concerns the subsidiary . (sch.4-sec.114-ssec.3) (omitted) (sch.4-sec.114-ssec.4) (omitted)