Air Companies (Amendment) Act, 1993
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Directors of the Holding Company, etc. |
8.—(1) Section 12 of the Principal Act is hereby amended by the substitution for subsections (1) and (2) of the following subsection: | |
“(1) Subject to any order made under section 23 (as amended by the Worker Participation (State Enterprises) Act, 1988 ) of the Worker Participation (State Enterprises) Act, 1977 , and to section 8 (2) of the Air Companies (Amendment) Act, 1993, the number of directors of Aer Lingus Group public limited company shall be such number not exceeding eight as the Minister may, with the consent of the Minister for Finance, from time to time determine.”. | ||
(2) (a) The number of directors in the Holding Company shall be 12 and the appropriate number of those directors (being the appropriate number within the meaning assigned by section 23 (2) of the Act of 1977) shall be four. | ||
(b) Paragraph (a) shall be deemed to be an order duly made under section 23 of the Act of 1977. | ||
(c) Articles 2 and 4 of the Worker Participation (State Enterprises) Order, 1980 ( S.I. No. 100 of 1980 ), are hereby revoked. | ||
(3) Every person who immediately before the commencement of this Act was a director of the existing companies by virtue of the Act of 1977 and to whom section 23 (2) of that Act relates shall, notwithstanding anything contained in the Companies Acts, for the remainder of such person's term of office— | ||
(a) upon the appointment of directors of the Holding Company under section 12 (as amended by this section) of the Principal Act, cease to be a director of the existing companies, | ||
(b) where willing, be appointed to be a director of the Holding Company as if duly appointed a director of the Holding Company under the Act of 1977 for the remainder of such term, and | ||
(c) where so appointed, be a director of the Holding Company upon such terms and conditions as correspond to the terms and conditions under which such person was such a director of the existing companies, | ||
and the Act of 1977 shall be construed accordingly. |