20JDirectors

#### 20J Directors 20J Directors > > (1) There is to be a board of directors of a statutory SOC. > > > (2) The board is to consist of not fewer than 3 and not more than 7 directors appointed by the Governor on the recommendation of the voting shareholders. > > > (3) The directors are to be persons who, in the opinion of the voting shareholders, will assist the SOC to achieve its principal objectives. > > > (4) (Repealed) > > > (5) The chief executive officer may be appointed as a director. > > > (6) The board is accountable to the voting shareholders in the manner set out in Part 4 and in the constitution of the SOC. > > > (7) Schedule 8 has effect with respect to the constitution and procedure of the board. > > **s 20J:** Ins 1995 No 32, Sch 1 \[13\]. Am 1998 No 120, Sch 2.32 \[2\]; 2013 No 36, Sch 1 \[1\].