Companies Act 2014
Effect of breach of director's obligations in relation to material interest | ||
924. (1) If satisfied that a director of the Supervisory Authority has contravened section 923 (1) or (2), the Minister may— | ||
(a) in the case of a director appointed by the Minister and if the Minister thinks fit, remove that director from office, | ||
(b) in the case of a director who is the chief executive officer, recommend to the board that the board remove him or her. | ||
(2) A director who is removed by the Minister under this section or on the recommendation of the Minister made under this section shall be disqualified for appointment as a director or chief executive of the Supervisory Authority. |