New South Wales Consolidated Acts New South Wales Consolidated Acts(cf State Owned Corporations Act 1989 , section 20J)
(1) There is to be a board of directors of the Corporation.
(2) The Board is to consist of at least 3, but no more than 7, directors.
(3) The directors are to be appointed by the Governor on the recommendation of the voting shareholders.
(4) Each person recommended for appointment as a director must be a person who, in the opinion of the voting shareholders, will assist the Corporation to achieve its principal objectives.
(5) No more than 2 directors may be appointed from the councillors and employees of the constituent councils (one from each council) and, in that event, the minimum number of directors is to be 5 (not 3).
(6) The chief executive officer of the Corporation may, but need not, be appointed as a director.
(7) The Board is accountable to the voting shareholders in the manner set out in Part 4 and in the constitution of the Corporation.
(8) Schedule 3 has effect with respect to the constitution and procedure of the Board.