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17.—(1) In managing its affairs, the Authority must have regard—
(a)to such general guidance concerning the management of the affairs of public bodies as the Authority thinks appropriate, and
(b)to generally accepted principles of good corporate governance.
(2) But the obligation in subsection (1)(b)—
(a)is subject to guidance falling within subsection (1)(a), and
(b)applies only to the extent that the principles in question may reasonably be regarded as applicable in relation to a statutory corporation.
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