State Owned Corporations Act 1989
20JDirectors
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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(4) (Repealed)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].