25Directors of Company

25 Directors of Company

(1)  On and from 1 January 2010, the members of the Company must ensure that the membership of the Board comprises 7 directors, appointed for a period not exceeding 3 years by the members of the Company of whom –

(a) one is appointed to be the chairperson; and

(b) one is appointed from the names of candidates submitted to the panel under subsection (4)(a) ; and

(c) one is appointed from the names of candidates submitted to the panel under subsection (5)(a) ; and

(d) one is appointed from the names of candidates submitted to the panel under subsection (6)(a) ; and

(e) three are appointed from the names of candidates submitted to the panel under subsection (4)(b) , subsection (5)(b) and subsection (6)(b) and from the respondents to the advertisement referred to in subsection (9) who have the experience and expertise necessary to enable the Company to achieve its objectives.

(2)  Before any person is appointed as a director of the Company under paragraph (b) , (c) , (d) or (e) of subsection (1) , the members of the Company are to appoint a panel consisting of 3 persons to recommend the names of persons it considers suitable for appointment as a director of the Company under each of those paragraphs.

(3)  The panel as appointed in relation to the appointment of a person as a director of the Company –

(a) referred to in subsection (1)(b) , is to include a person with experience and expertise in thoroughbred racing; and

(b) referred to in subsection (1)(c) , is to include a person with experience and expertise in harness racing; and

(c) referred to in subsection (1)(d) , is to include a person with experience and expertise in greyhound racing.