State Airports (Shannon Group) Act 2014
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Chairperson and directors of subsidiaries | ||
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20. (1) The board of a subsidiary of Shannon Group shall consist of not more than 6 directors, including a chairperson. | ||
(2) Notwithstanding anything contained in the Companies Acts and subject to subsection (3), the directors or chairperson, or both, of any subsidiary of Shannon Group which the Minister in writing specifies, shall be appointed, and may be removed from office, by Shannon Group, with the prior written consent of the Minister. | ||
(3) Notwithstanding anything contained in the Companies Acts, the chairperson of the board of Shannon Group may, on his or her own nomination, and with the consent in writing of the Minister, be appointed as chairperson of the board of a subsidiary of Shannon Group and may be removed from office by the Minister. | ||
(4) For the purposes of this section, “subsidiary” means Shannon Airport Authority, Shannon Commercial Enterprises and its subsidiaries, and any other subsidiary formed or acquired under section 14 all of the issued shares in the share capital of which are held by, or on behalf of, Shannon Group. |