SCHEDULES
SCHEDULE 2 Modification of Companies Act 1985, &c.
Part II Modifications on and after registration
Shadow directors
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1
For the purposes of the provisions listed in sub-paragraph (2), neither the Secretary of State nor the Treasury shall be regarded as a shadow director of the Corporation or of a company associated with the Corporation at any time while the Crown continues to hold any special share provided for under the Corporation’s articles of association.
2
Those provisions are the following sections of the Companies Act 1985—
a
section 288 (register of directors);
b
section 305 (directors’ names on correspondence, &c.);
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);
h
section 330 (restriction on loans).