Chief executive officer
2 Chief executive officer
The chief executive officer of an energy services corporation is to be appointed by the board after consultation with the voting shareholders.
The board may remove a person from office as chief executive officer, at any time, for any or no reason and without notice, but only after consultation with the voting shareholders.
The chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine.
The board may, after consultation with the voting shareholders, fix the conditions of employment of the chief executive officer in so far as they are not fixed by or under any other Act or law.
The Government Sector Employment Act 2013 (Part 6 included) does not apply to the chief executive officer.
Subject to subclause (6), Schedule 9 to the State Owned Corporations Act 1989 has effect with respect to the chief executive officer.
The provisions of section 20K of the State Owned Corporations Act 1989, and of clauses 2, 3 and 6 of Schedule 9 to that Act, do not apply to the chief executive officer.
The chief executive officer of an energy distributor may delegate any functions of the chief executive officer to an employee of the energy distributor, but this power is subject to any directions of the joint board of the energy distributors.
This Act’s bill:Explanatory memorandumSecond reading speech
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