In this law, when you see the words “board” or “board of directors” about a company, it means one of two things:
If the company has more than one director, it means a group of directors working together. This group needs to have at least the minimum number of directors required to make decisions.
If the company only has one director, then that single director is considered the board.
This is how the law defines who can make important decisions for a company.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320639.
In this Act, the terms board and board of directors, in relation to a company, mean—
