Part IV General and Supplemental

Supplemental

F165A.Shadow directors

The Companies Acts (as defined by section 2 of the Companies Act 2006) have effect in relation to a company that—

(a)

is wholly owned by the Crown, and

(b)

has been notified by the Secretary of State that it is a company to which it is proposed to transfer any part of the Corporation’s undertaking,

as if references to a shadow director did not include the Treasury or any Minister of the Crown.