Postal Services Act 2000
2000 CHAPTER 26
Commentary on Sections
Part IV Reorganisation of the Post Office
Section 80: Shadow directors
122.Section 80 exempts the Secretary of State and the Treasury from certain administrative duties which would be imposed on them under the Companies Acts in respect of the Post Office company, in the event that either of them fell within the definition of “shadow director”. A shadow director is defined by section 741(2) of the Companies Act 1985 as “a person in accordance with whose directions or instructions the directors of a Company are accustomed to act;”. As detailed in the White Paper, the Government aims to reserve to itself controls over certain functions of the Post Office company, but the formulation of strategy and the running of the company will be the responsibility of the board of directors.
123.This section does not remove any of the substantive obligations and duties falling on a shadow director. The Secretary of State or the Treasury would still bear the same substantive responsibilities and liabilities as any other director of the Post Office company in so far as those responsibilities would require the Secretary of State or the Treasury to behave with due care and diligence towards the company. But, in the event that the Secretary of State or the Treasury was a shadow director, no useful purpose is served by obliging them to comply with the provisions specified which are of an administrative nature, such as section 288 which imposes obligations on a company to keep particulars of its directors (name, address and occupation) and to notify the registrar of any changes.
- Previous
- Explanatory Notes Table of contents
- Next