2
4.
Also, the physical development of the
estates is now nearing completion, and the Chief
Executive since the establishment of the Corporation
is due to retire on 31 May 1985.
5.
Therefore towards the end of last year,
the Board of the Corporation decided that it did
not wish to appoint a new permanent Chief Executive,
and that for the time being it would be appropriate
if the Director of Industry was appointed as Chief
Executive, because of his responsibility for promoting
industrial investment.
6.
At the same time, it was realised that this
appointment would result in an official majority on
the Board, because section 7 of the Corporation's
Ordinance as it stands does not permit the appointment
of more than three unofficial members, whereas
sub-section 1(d) permits the appointment of four public
officers in addition to the Chief Executive, who is
at present not a public officer.
7.
Accordingly, the Bill before Council seeks
to increase the size of the Board by one, and through
not providing for any limitation on the number of
unofficial members who may be appointed, within the
overall size of the Board prescribed, will give the
desired flexibility in the mix of members.