State Airports (Shannon Group) Act 2014

Directors of company and subsidiary of company

52. (1) Section 28 of the Act of 1998 is amended by substituting for subsection (1) (inserted by paragraph 13 of the Schedule to the Act of 2004) the following:

28. (1) Notwithstanding anything contained in the Companies Acts, the directors of the board of any subsidiary which the Minister by direction in writing specifies, shall be appointed, and may be removed from office, by the chairperson with the prior written consent of the Minister.”

(2) Section 34 of the Act of 1998 is amended by inserting after subsection (3) the following:

“(3A) In the case of a director of a company or of a subsidiary of a company who is also a director of both of them the interest thereby created is not to be considered an interest to be disclosed and acted upon under subsection (1).”

(3) Paragraph 13(a) of the Schedule to the Act of 2004 is deleted.