(1) This section
applies to the remuneration of the directors of a wholly-owned subsidiary,
other than of —
(a) its
chairperson; and
(b) a
director whose office is prescribed for the purposes of paragraph (b) of the
definition of director in the Salaries and Allowances Act 1975 section 7D(1).
(2) A determination by
the Portfolio Minister of the remuneration of a director of the subsidiary
under section 118 has effect as the determination of the remuneration of each
other director to whom this section applies.