PART 2Operational matters

Miscellaneous provisions

29Advisory group

1

The Scottish Ministers must establish and maintain an advisory group to provide them with advice on the Bank’s objects, conduct and performance.

2

The advisory group is to—

a

be provided with sufficient resources by the Scottish Ministers to carry out its functions under this section,

b

include at least 1 member appointed to represent the interests of trade unions.

30Exercise of power to appoint non-executive directors

1

In appointing the Bank’s non-executive directors, the Scottish Ministers must have regard to the desirability of ensuring that the non-executive directors (as a whole) have experience or knowledge of the issues facing workers and businesses in Scotland.

2

In considering, for the purpose of subsection (1), the particular knowledge or experience that the non-executive directors (as a whole) should have, the Scottish Ministers must consult—

a

persons appearing to them to represent trade unions operating in Scotland, and

b

persons appearing to them to represent businesses operating in Scotland.

31Procedure for modifying entrenched provisions

If the Bank’s articles of association provide that a provision of the articles may be amended or repealed only in accordance with this section, the provision may be amended or repealed—

a

only by a special resolution of the Bank’s members, and

b

only if a draft of the special resolution has been laid before, and approved by resolution of, the Scottish Parliament.