Transport (Re-Organisation of Córas Iompair Éireann) Act, 1986
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Form of articles of association. |
11.—(1) The articles of association of each company shall be in such form consistent with this Act as may be approved of by the Board with the consent of the Minister and the Minister for Finance and, where appropriate, the Minister for the Public Service. | |
(2) The articles of association of each company shall provide that— | ||
(a) the number of directors (including the chairman) shall be not more than 6; | ||
(b) the chairman and other directors shall be appointed and may be removed from office by the Chairman of the Board with the consent of the Minister; | ||
(c) the Chairman of the Board may, with the consent of the Minister, be appointed on his own nomination to be chairman or a director of the company and may be removed from that office by the Minister; | ||
(d) the remuneration of the chairman and other directors shall be determined by the Board with the consent of the Minister and the Minister for the Public Service; | ||
(e) no person shall be appointed as auditor of the company without the approval of the Board, given with the consent of the Minister; | ||
(f) the company shall, within a period specified by the Board, set up machinery for the purposes of negotiation concerned with the pay and conditions of its staff and to this end consult with and make every reasonable endeavour to reach agreement with the trade unions concerned. | ||
(3) The directors to be appointed to each company shall include two persons selected from the members of the Board appointed under the Worker Participation (State Enterprises) Act, 1977 , provided that such persons are willing to accept office. | ||
(4) A majority of the directors of the railway company and the Irish bus company shall be common to both companies. |