201J
In forceAppointment of managing directors (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.3Appointment, remuneration and cessation of appointment of directors
Division 1Appointment of directors
Subdivision AGeneral rules
201J Appointment of managing directors (replaceable rule—see section 135)
The directors of a company may appoint 1 or more of themselves to the office of managing director of the company for the period, and on the terms (including as to remuneration), as the directors see fit.
This Act’s bill:Explanatory memorandumSecond reading speech
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