CAP. 230]
Public Bus Services
[1986 Ed.
Restriction on assignment or other disposition of franchise.
Directors of grantee companies.
Governor may appoint additional directors.
(Cap. 32.)
Grantee not to alter memorandum or articles without Governor's approval.
Grantee to operate on specified routes only.
7. A grantee shall not assign or otherwise dispose of its franchise, or any part thereof, without the approval of the Governor in Council.
8. (1) Save where the Governor in Council otherwise permits on the granting of a franchise, a majority of the directors of a grantee shall be Commonwealth citizens ordinarily resident in Hong Kong. (Amended, 44 of 1984, s. 6)
(2) A majority of the directors required under subsection (1) shall participate actively in the direction of the grantee.
9. (1) The Governor may, notwithstanding any provision of the Companies Ordinance or any other law or of any document, appoint not more than 2 persons to be additional directors of a grantee; and, notwithstanding any such provision as aforesaid, a person so appointed may not be removed from the board of a grantee except by the Governor.
(2) A person so appointed to be an additional director of a grantee shall represent the Government and for that purpose shall be entitled to participate at meetings of the grantee and the board of the grantee, to have access to all material concerning the affairs of the grantee which is available to any other director and require such information with respect to the grantee's affairs as he may specify to be furnished to him, and, without prejudice to the foregoing but subject to subsection (3), any such person shall be treated for all purposes as if he had been appointed at a general meeting of the grantee as a director thereof.
(3) No fee or reward, financial or otherwise, shall be paid by a grantee to a person appointed to be an additional director of the grantee under this section in respect of his performance of the functions of such a director.
10. No alteration shall be made during the franchise period to the memorandum or articles of association of a grantee without the approval of the Governor.
PART III
OPERATION AND CONTROL OF SERVICES
11. (1) Subject to subsection (2), a grantee shall not operate a public bus service otherwise than on a specified route.
(2) Whenever circumstances beyond the control of a grantee so require, a grantee may cause a public bus service to be diverted from a specified route for so long as such circumstances continue to so require.