New South Wales Consolidated Acts
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ENERGY SERVICES CORPORATIONS ACT 1995 - SECT 9A
Joint board of energy distributors
(1) Each of the energy distributors is to have the same board of directors and
for that purpose there is to be a single board (referred to in this Act as the
"joint board" of the energy distributors) that is to constitute the board of
directors of each of the energy distributors.
(2) The joint board is to act
in the best interests of energy distributors as a combined operation (as if
their individual businesses were being operated as parts of a single
enterprise) even if acting in that way is not in the best interests of one or
more individual energy distributors.
(3) A reference in this Act, the
State Owned Corporations Act 1989 or the constitution of an
energy distributor to the voting shareholders is, in connection with the
joint board of the energy distributors, a reference to the voting shareholders
of all the energy distributors.
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