sch.4-sec.89Composition of board

### sch.4-sec.89 Composition of board A prescribed GOC subsidiary’s board is to consist of the number of directors that are appointed by the Governor in Council. In appointing a person as a director, the Governor in council must have regard to the person’s ability to make a contribution to the subsidiary’s commercial performance and the implementation of the statement of corporate intent (if any) of each shareholding GOC of the subsidiary to the extent the statement relates to the subsidiary . Subsection (1) has effect despite— the subsidiary’s constitution; and the Corporations Act . sch 4 pt 2 ch 3 pt 5 s 89 ins 1998 No. 21 s 3 sch 1 amd 2001 No. 45 s 29 sch 3 ; 2007 No. 10 ss 61(9), 62 sch; 2009 No. 9 s 117 (sch.4-sec.89-ssec.1) A prescribed GOC subsidiary’s board is to consist of the number of directors that are appointed by the Governor in Council. (sch.4-sec.89-ssec.2) In appointing a person as a director, the Governor in council must have regard to the person’s ability to make a contribution to the subsidiary’s commercial performance and the implementation of the statement of corporate intent (if any) of each shareholding GOC of the subsidiary to the extent the statement relates to the subsidiary . (sch.4-sec.89-ssec.3) Subsection (1) has effect despite— the subsidiary’s constitution; and the Corporations Act . - (a) the subsidiary’s constitution; and - (b) the Corporations Act .