UK Infrastructure Bank Act 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
7 Directors: appointment and tenure
The Bank must secure that its articles of association provide that— (a) the Bank is to have at least five and no more than fourteen directors; (b) the chair of the Bank’s board, the Bank’s chief executive officer and the non-executive directors are to be appointed by the Chancellor of the Exchequer; (c) the Board is to appoint one or more directors to be responsible for ensuring that the Board considers the interests of the appropriate national authorities when making decisions; (d) the period of a non-executive director’s appointment is not to exceed four years, or such shorter period as may be specified in the terms on which the director is appointed; (e) a person may be appointed as a non-executive director no more than two times; (f) a person ceases to be a non-executive director as soon as— (i) the person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from being a director by law, (ii) the person becomes bankrupt (in relation to England and Wales and Northern Ireland) or the person’s estate has been sequestrated (in relation to Scotland), (iii) a registered medical practitioner who is treating the person gives a written opinion to the Bank stating that the person has become physically or mentally incapable of acting as a director and is likely to remain so for more than three months, or (iv) the person has resigned as non-executive director in accordance with notification which the person has given to the Bank.
7 Directors: appointment and tenure
The Bank must secure that its articles of association provide that— (a) the Bank is to have at least five and no more than fourteen directors; (b) the chair of the Bank’s board, the Bank’s chief executive officer and the non-executive directors are to be appointed by the Chancellor of the Exchequer; (c) the Board is to appoint one or more directors to be responsible for ensuring that the Board considers the interests of the appropriate national authorities when making decisions; (d) the period of a non-executive director’s appointment is not to exceed four years, or such shorter period as may be specified in the terms on which the director is appointed; (e) a person may be appointed as a non-executive director no more than two times; (f) a person ceases to be a non-executive director as soon as— (i) the person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from being a director by law, (ii) the person becomes bankrupt (in relation to England and Wales and Northern Ireland) or the person’s estate has been sequestrated (in relation to Scotland), (iii) a registered medical practitioner who is treating the person gives a written opinion to the Bank stating that the person has become physically or mentally incapable of acting as a director and is likely to remain so for more than three months, or (iv) the person has resigned as non-executive director in accordance with notification which the person has given to the Bank.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.