Turf Development Act, 1998
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Directors. |
18.—(1) The number of directors shall not exceed 12. | |
(2) Subject to subsection (3), the directors (other than the Managing Director) shall be appointed and may be removed from office by the Minister with the consent of the Minister for Finance. | ||
(3) The members of the Board shall, on the vesting day, become and be directors and shall hold office as directors for the remainder of the terms for which they were appointed to be members of the Board. | ||
(4) A person who holds the office of director shall be eligible for re-appointment to that office. | ||
(5) Subject to subsections (2), (3) and (6), the directors (other than the Managing Director) shall hold office for such period not exceeding 5 years as may be determined by the Minister with the consent of the Minister for Finance at the time of their appointment. | ||
(6) Four of the directors shall be persons appointed under the Worker Participation (State Enterprises) Acts, 1977 to 1993, who are willing to accept office. | ||
(7) A director may at any time resign his or her office as a director by letter addressed and given or sent to the Minister and the resignation shall take effect on and from the date (which shall be the date of, or a date later than the date of, the letter) specified in the letter for that purpose. | ||
(8) Subsections (3) and (4) of section 9 and section 10 of the Act of 1946 shall, during the period when a person holds office as a director by virtue of subsection (3), apply in relation to that person as if the references to the Board were references to the Company and the references to a member of the Board or to members of the Board were references to a director or, as the case may be, to directors and with any other necessary adaptations, and subsections (1) and (2) of section 19 and subsections (2) and (5) shall have effect accordingly. |