TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 214

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.