Western Australian Consolidated Acts Western Australian Consolidated Acts (1) There shall be a
Board of directors of Gold Corporation.
(2) The Board shall
comprise the person who for the time being holds or is acting in the office of
Under Treasurer of the State, who shall be a director ex officio, and other
directors who shall be appointed by the Governor on the nomination of the
Minister and shall consist of —
(a) a
chairman;
(b) not
less than 2 nor more than 7 other persons;
(c) the
chief executive officer and the deputy chief executive officer of Gold
Corporation; and
(d) if
the Board as otherwise constituted so resolves from time to time, the managing
director of the Mint or the managing director of GoldCorp, or both of them.
(3)
Subsection (2) shall not be construed so as to preclude the appointment
of a person who is a director appointed under paragraph (b) of that
subsection as managing director of the Mint or managing director of
GoldCorp.
(4) Schedule 1
has effect with respect to the directors and the procedure of the Board.
(5) The person who for
the time being holds or is acting in the office of Under Treasurer of the
State may delegate to some other officer of the Treasury, by an instrument of
delegation signed by that person, the duty of performing any function of the
ex officio director under this Act.
(6) Where an officer
of the Treasury is authorised under subsection (5) to perform a function
as a delegate, when attending a meeting of the Board or otherwise performing
that function that officer is deemed to be a director and shall have the
powers, duties and immunity of a director.
[Section 5 amended by No. 5 of 1988
s. 5; No. 10 of 1990 s. 6 and 10.]