26Vacancies in offices of directors of Company

26 Vacancies in offices of directors of Company

(1)  If a vacancy arises in the office of a director of the Company less than 6 months before the expiration of the term for which the director was appointed, the members of the Company may appoint a person to the vacant office for the remainder of the director's term of office.

(2)  If a vacancy arises in the office of a director of the Company 6 months or more before the expiration of the term of office of the director and the director is –

(a) a director referred to in section 25(1)(a) , the members of the Company are to appoint a person who the members of the Company consider suitable to fill the vacancy; or

(b) a director referred to in section 25(1)(b) , the eligible persons referred to in section 25(4) are to submit to the panel the names of candidates, not exceeding 3, with experience and expertise relating to the thoroughbred code of racing who the eligible persons consider suitable to fill the vacancy; or

(c) a director referred to in section 25(1)(c) , the eligible persons referred to in section 25(5) are to submit to the panel the names of candidates, not exceeding 3, with experience and expertise relating to the harness code of racing who the eligible persons consider suitable to fill the vacancy; or

(d) a director referred to in section 25(1)(d) , the eligible persons referred to in section 25(6) are to submit to the panel the names of candidates, not exceeding 3, with experience and expertise relating to the greyhound code of racing who the eligible persons consider suitable to fill the vacancy; or

(e) a director referred to in section 25(1)(e) , the eligible persons referred to in section 25(4) , (5) and (6) , respectively, are to submit to the panel the names of candidates, not exceeding 3, who have the experience and expertise necessary to enable the Company to achieve its objectives and who the eligible persons consider suitable to fill the vacancy.

(3)  In relation to a vacancy under subsection (2)(e) in the office of a director of the Company, the panel is to place in the 3 daily newspapers published and circulating in the State and in any other newspapers it considers desirable, an advertisement calling for expressions of interest from potential candidates to fill the vacancy.