Power to appoint director
13 Power to appoint director
A reference in this Schedule to a power to appoint a director includes a reference to such a power whether exercisable with or without the consent or concurrence of any other person.
For the purposes of this Schedule, a person is taken to have the power to appoint a director if—
the person has the power (whether exercisable with or without the consent or concurrence of any other person) to veto such an appointment, or
a person’s appointment as a director of the company follows necessarily from that person being a director or other officer of the first mentioned person.
This Act’s bill:Explanatory memorandumSecond reading speech
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