Air Navigation and Transport (Amendment) Act, 1998
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Chairperson's report. |
31.—(1) The chairperson shall, immediately after an audit referred to in subsection (2) of section 30 , make a report in writing to the Minister of the company's activities and those of any subsidiaries during that year. | |
(2) A report under this section shall include— | ||
(a) a statement of all significant developments involving the company which occurred in that year (including the acquisition of shares or establishment of subsidiaries by the company), | ||
(b) a description of the matters the chairperson anticipates will arise in the accounting year next following the said year (or, where the chairperson considers it appropriate in any particular case, any subsequent accounting year) which may affect the company to any significant extent, | ||
(c) a statement, to the best of the chairperson's knowledge or belief, as to whether each of the following, as respects the company, has been complied with or adhered to, that is to say— | ||
(i) the requirements of this Act, or any other enactment in relation to the accounts of the company and statements as to the financial affairs of the company, | ||
(ii) guidelines issued by the Government, the Minister or the Minister for Finance in relation to the accounts of State enterprises or statements in respect of the financial affairs of the company, | ||
(iii) section 34 , | ||
(iv) any code of conduct for the directors and members of staff of State enterprises issued by the Government, the Minister or the Minister for Finance, | ||
(v) regulations for the time being in force under the European Communities Act, 1972 , or guidelines issued by the Government, the Minister or the Minister for Finance, in relation to the entering by a public authority into a contract with any person for the provision of goods or services by that person to such authority, | ||
(vi) any guidelines issued by the Government, the Minister or the Minister for Finance in relation to the remuneration to be paid by State enterprises to their chief executives, | ||
(d) where anything referred to in paragraph (c) is stated not to have been complied with, an explanation (so far as the chairperson is in a position to give one) as to why there was a failure to comply with it. | ||
(3) In this subsection “State enterprise” means a company (within the meaning of the Companies Acts) one or more shares in the shareholding of which is held by a Minister of the Government and the principal objects of which (as stated in its memorandum of association) are prescribed in whole or in part by statute. |