8Board of directors

8 Board of directors

8 Board of directors

(1) The Corporation is to have a board of directors.

(2) The board is to consist of 7 directors appointed by the Governor on the recommendation of the voting shareholders.

(3) The voting shareholders are to consult with the portfolio Minister before recommending any person for appointment as a director.

(4) The chief executive officer may be appointed as a director.

(5) The board is accountable to the voting shareholders in the manner set out in Part 4 of the State Owned Corporations Act 1989 and in the constitution of the Corporation.

(6) The Government Sector Employment Act 2013 (Part 6 included) does not apply to the directors of the Corporation.

(7) Schedule 8 to the State Owned Corporations Act 1989 has effect with respect to the constitution and procedure of the board, subject to subsection (8).

(8) The provisions of section 20J of the State Owned Corporations Act 1989, and of clauses 4 and 9 (1) of Schedule 8 to that Act, do not apply to the Corporation.

s 8: Am 2015 No 58, Sch 3.55.