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PART 6
Miscellaneous Provisions
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Shadow directors
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21. (1) A person specified in subsection (2) shall not be taken to be—
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(a) a shadow director (within the meaning of the Companies Act), or
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(b) a de facto director (within the meaning of the Companies Act),
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of HBFI or any HBFI group entity, unless that person is appointed as a director of HBFI or a HBFI group entity, as the case may be.
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(2) The persons referred to in subsection (1) are the following:
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(a) the Minister;
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(b) the NTMA;
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(c) an employee or a member of the staff of the NTMA;
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(d) NAMA;
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(e) an officer of NAMA (within the meaning of the Act of 2009);
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(f) HBFI;
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(g) an officer of HBFI.
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