Part 2Establishment and governance of Crown entities
Crown entity companies: Appointment and removal of members
90Members must disclose interests before appointment
Before a person is appointed as a member of a Crown entity company, the person must disclose to the shareholding Ministers the nature and extent (including monetary value, if quantifiable) of all interests that the person has at that time, or is likely to have, in matters relating to the Crown entity company.
The board of the Crown entity company must notify the shareholding Ministers of a failure to comply with subsection (1) as soon as practicable after becoming aware of the failure.
Sections 139 and 140 of the Companies Act 1993 do not apply until after the member is appointed.