95Board of directors

95 Board of directors S. 95(1) amended by No. 17/2012 s. 8(2). (1) Each water corporation must have a board of directors consisting of— S. 95(1)(a) substituted by No. 17/2012 s. 9(1). (a) not less than 2 and not more than 9 directors appointed by— (i) in the case of Melbourne Water Corporation and each metropolitan water corporation, the Minister in consultation with the Treasurer; or (ii) in the case of a non-metropolitan water corporation, the Minister; and (b) the managing director of the water corporation. S. 95(2) repealed by No. 17/2012 s. 8(1). S. 95(3) substituted by No. 17/2012 s. 9(2). (3) For the purposes of subsection (1)(a)— (a) in the case of Melbourne Water Corporation and each metropolitan water corporation, the Minister, in consultation with the Treasurer, may, from time to time by instrument, determine the number of directors for the water corporation; or (b) in the case of each non-metropolitan water corporation, the Minister may, from time to time by instrument, determine the number of directors for the water corporation. (4) The board of directors of a water corporation— (a) is responsible for— (i) the strategic planning of the corporation; and (ii) the management of the affairs of the corporation; and (b) may exercise the powers of the corporation. (5) When acting under subsection (4), the board of directors of a water corporation must do so having regard to the principles set out in section 93 and the objective set out in section 94. S. 96 substituted by No. 85/2006 s. 54.