Steel Industry (Nationalisation) Act 2026
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Change 1
19 Directors and senior managers
(1) Property transfer regulations may enable the Secretary of State— (a) to remove a director or senior manager of a specified steel undertaking; (b) to vary or terminate the service contract of a director or senior manager of a specified steel undertaking; (c) to appoint a director or senior manager of a specified steel undertaking. (2) In this section— “director” has the same meaning as in the Companies Act 2006 (see section 250 of that Act); “senior manager” means a person who— exercises executive functions within a specified steel undertaking, and is responsible, and directly accountable to the directors, for the day-to-day management of that undertaking.
19 Directors and senior managers
(1) Property transfer regulations may enable the Secretary of State— (a) to remove a director or senior manager of a specified steel undertaking; (b) to vary or terminate the service contract of a director or senior manager of a specified steel undertaking; (c) to appoint a director or senior manager of a specified steel undertaking. (2) In this section— “director” has the same meaning as in the Companies Act 2006 (see section 250 of that Act); “senior manager” means a person who— exercises executive functions within a specified steel undertaking, and is responsible, and directly accountable to the directors, for the day-to-day management of that undertaking.
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