New South Wales Consolidated Acts
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TRANSPORT ADMINISTRATION ACT 1988 - SECT 6
Board of directors
6 Board of directors
(1) TAHE is to have a board of directors.
(2) The board is to consist of--
(a) no fewer than 3 and not more than 7 directors appointed by the
voting shareholders, and
(b) the Transport Secretary.
(3) The directors
appointed under subsection (2) (a) are to be persons who, in the opinion of
the voting shareholders, will assist TAHE to achieve its principal objectives.
(4) One of the directors is, in and by the director's instrument of
appointment or in and by another instrument executed by the
voting shareholders, to be appointed as chairperson of the board.
(5) The
chief executive officer may be appointed as a director.
(6) The board is
accountable to the voting shareholders in the manner set out in Part 4 of the
SOC Act and in the constitution of TAHE.
(7) The voting shareholders may
remove a director (other than the Transport Secretary), or the chairperson,
from office at any time for any or no reason and without notice and, in that
event, the office of the director or chairperson is taken to have become
vacant for the purposes of Schedule 8 to the SOC Act. Note--: For example, the
voting shareholders may remove a director, or the chairperson, from office if
TAHE contravenes its operating licence.
(8) Subject to subsections (9)-(11),
Schedule 8 to the SOC Act has effect with respect to the constitution and
procedure of the board.
(9) The provisions of section 20J of the SOC Act, and
of clauses 2 (1) and (2) and 7 (1) (d) and (2) of Schedule 8 to the SOC Act,
do not apply to TAHE or to the chairperson.
(10) The provisions of clause 6
of Schedule 8 to the SOC Act do not apply to the chief executive officer if
appointed as a director, and the chief executive officer is not entitled to
remuneration under that clause in his or her capacity as a director.
(11) The
provisions of clauses 5-9 of Schedule 8 to the SOC Act do not apply to the
Transport Secretary in his or her capacity as a director.
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