SCHEDULES

F1F1SCHEDULE 9

Annotations:
Amendments (Textual)

Right to appoint or remove a majority of the directors

3

1

In section 258(2)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.

2

An undertaking shall be treated as having the right to appoint to a directorship if—

a

a person’s appointment to it follows necessarily from his appointment as director of the undertaking, or

b

the directorship is held by the undertaking itself.

3

A right to appoint or remove which is exercisable only with the consent or concurrence of another person shall be left out of account unless no other person has a right to appoint or, as the case may be, remove in relation to that directorship.