sec.93Appointment of chief executive officer—particular subsidiaries

### sec.93 Appointment of chief executive officer—particular subsidiaries This section applies to a GOC subsidiary that is not a prescribed GOC subsidiary. Schedule 4 provides for the appointment of a chief executive officer for a prescribed GOC subsidiary. The subsidiary’s chief executive officer is to be appointed by the subsidiary’s board with the prior written approval of the shareholding Ministers of each GOC that is a shareholder of the subsidiary. Subsection (2) does not limit a provision of the subsidiary’s constitution requiring the subsidiary’s board to consult the board of a GOC that is a shareholder of the subsidiary before appointing the chief executive officer under the subsection. In this section— prescribed GOC subsidiary means a GOC subsidiary prescribed under a regulation under section 155 . s 93 prev s 93 amd 1998 No. 21 s 16 om 2007 No. 10 s 62 sch pres s 93 ins 2007 No. 10 s 44 amd 2007 No. 10 s 62 sch ; 2009 No. 9 s 99 (sec.93-ssec.1) This section applies to a GOC subsidiary that is not a prescribed GOC subsidiary. Schedule 4 provides for the appointment of a chief executive officer for a prescribed GOC subsidiary. (sec.93-ssec.2) The subsidiary’s chief executive officer is to be appointed by the subsidiary’s board with the prior written approval of the shareholding Ministers of each GOC that is a shareholder of the subsidiary. (sec.93-ssec.3) Subsection (2) does not limit a provision of the subsidiary’s constitution requiring the subsidiary’s board to consult the board of a GOC that is a shareholder of the subsidiary before appointing the chief executive officer under the subsection. (sec.93-ssec.4) In this section— prescribed GOC subsidiary means a GOC subsidiary prescribed under a regulation under section 155 .