6Governance of development corporation

#### 6 Governance of development corporation 6 Governance of development corporation > > (1) The affairs of a development corporation are to be managed and controlled by— > > > > > (a) if the development corporation is a chief executive governed development corporation—the chief executive of the development corporation, or > > > > > (b) if the development corporation is a board governed development corporation—the chief executive, subject to and in accordance with any directions given to the chief executive by the board of the development corporation. > > > (2) In the exercise of its functions, a development corporation is, except where it makes a recommendation to the Minister, subject to the control and direction of the Minister. > > **s 6:** Am 1977 No 77, Sch 1 (1); 1979 No 136, Sch 1 (3); 1981 No 31, Sch 1 (4); 1992 No 9, Sch 1 (3); 1999 No 31, Sch 1.17 \[5\]; 2006 No 8, Sch 3 \[4\]; 2006 No 120, Sch 1.14 \[1\]; 2007 No 27, Sch 1.19 \[2\]. Subst 2008 No 26, Sch 1 \[4\].