1 The Minister of Maori Affairs must appoint the first directors of Te Ohu Kai Moana Trustee Limited.
2 The directors appointed under subsection (1) must not exercise any powers or functions as directors or take any other action before the appointed day.
3 Each director appointed by the Minister under subsection (1) must, immediately before the appointed day, be a member of the Treaty of Waitangi Fisheries Commission.
4 Despite section 47(1) , 3 of the directors appointed under subsection (1) must be appointed for a term not exceeding 2 years, as specified by the Minister.
5 Before appointing the first directors, the Minister may consult any person he or she considers appropriate.