198C
In forceManaging director (replaceable rule—see section 135)
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2DOfficers and employees
Part 2D.1Duties and powers
Division 4Powers
198C Managing director (replaceable rule—see section 135)
(1)
The directors of a company may confer on a managing director any of the powers that the directors can exercise.
(2)
The directors may revoke or vary a conferral of powers on the managing director.
This Act’s bill:Explanatory memorandumSecond reading speech
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