Part IVReorganisation of the Post Office

Supplementary provisions

80Shadow directors

1

For the purposes of the provisions of the [1985 c. 6.] Companies Act 1985 listed in subsection (2) neither the Treasury nor the Secretary of State shall be regarded as a shadow director of the Post Office company.

2

The provisions are—

a

section 288 (register of directors),

b

section 305 (directors' names on correspondence etc),

c

section 317 (disclosure of interests in contracts),

d

section 320 (transactions involving directors),

e

section 323 (prohibition on dealing in share options),

f

section 324 (disclosure of shareholdings),

g

section 325 (register of directors' interests), and

h

section 330 (restriction on loans).