Director's special interest

Q. The provisions regarding election and removal of directors and term of office do not apply to the directors appointed by the persons having special interests. Identify the persons  who  are  regarded  as  having  special  interest  for  the  purpose  of  this exemption.

Ans:  Director having special interest:

The provisions regarding election and removal of directors and terms of office do not apply to the directors appointed by the person having special interest i.e.

Directors nominated by Federal Government or a Provincial Government.

Directors nominated by any corporation or company owned or controlled, whether directly or indirectly by the Federal Government or the Provincial Government.

Director nominated by a company having shareholder in other company.