CAP. 269]
Telephone
[1989 Ed.
have the sole right, subject to the provisions of this Ordinance, to supply and operate public telephonic communication within Hong Kong, including trunk line telephonic communication therein for communicating with places outside Hong Kong (other than trunk line telephonic communication by means of submarine cables from Hong Kong to places outside Hong Kong landed and operated by Cable and Wireless (Hong Kong) Limited) for a term of 20 years commencing on the said 1 July.
(Replaced 40 of 1976 s. 3. Amended 70 of 1981 s. 2)
4. Company to remain registered under Cap. 32,
and British interest to be maintained
(1) The company shall remain registered under the Companies Ordinance (Cap. 32).
(2) The directors shall be bona fide resident in Hong Kong and the majority of them shall be Commonwealth citizens. (Amended 80 of 1982 s. 2)
(3) The management and the administrative staff, or an effective majority thereof to the satisfaction of the Governor in Council, shall also be Commonwealth citizens. (Amended 80 of 1982 s. 2)
(Replaced 13 of 1955 s. 2)
4A.
Governor may appoint additional director
(1) The Governor may, notwithstanding any provision of the Companies Ordinance (Cap. 32) or any other law or of any document, appoint not more than 2 persons to be additional directors of the company; and notwithstanding any such provision as aforesaid, a person so appointed may not be removed from the board of the company except by the Governor. (Amended 40 of 1976 s. 4)
(2) A person so appointed to be an additional director of the company shall represent the Government and for that purpose shall be entitled to participate at meetings of the company and the board of the company, to have access to all material concerning the affairs of the company which is available to any other director and require such information with respect to the company'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 company as a director thereof.
(3) No fee or other financial reward shall be paid by the company to a person appointed to be an additional director of the company under this section in respect of his performance of the functions of such a director.
(Added 11 of 1975 s. 2)
Page 5
Page 6
1989 Ed.]
4
CAP. 269]
Telephone
[1989 Ed.
have the sole right, subject to the provisions of this Ordinance, to supply and operate public telephonic communication within Hong Kong, including trunk line telephonic communication therein for communicating with places outside Hong Kong (other than trunk line telephonic communication by means of submarine cables from Hong Kong to places outside Hong Kong landed and operated by Cable and Wireless (Hong Kong) Limited) for a term of 20 years commencing on the said 1 July.
(Replaced 40 of 1976 s. 3. Amended 70 of 1981 s. 2)
4. Company to remain registered under Cap. 32,
and British interest to be maintained
(1) The company shall remain registered under the Companies Ordi- nance (Cap. 32).
(2) The directors shall be bona fide resident in Hong Kong and the majority of them shall be Commonwealth citizens. (Amended 80 of 1982 s. 2)
(3) The management and the administrative staff, or an effective majority thereof to the satisfaction of the Governor in Council, shall also be Commonwealth citizens. (Amended 80 of 1982 s. 2)
(Replaced 13 of 1955 s. 2)
4A.
Governor may appoint additional director
(1) The Governor may, notwithstanding any provision of the Companies Ordinance (Cap. 32) or any other law or of any document, appoint not more than 2 persons to be additional directors of the company; and notwithstanding any such provision as aforesaid, a person so appointed may not be removed from the board of the company except by the Governor. (Amended 40 of 1976 s. 4)
(2) A person so appointed to be an additional director of the company shall represent the Government and for that purpose shall be entitled to participate at meetings of the company and the board of the company, to have access to all material concerning the affairs of the company which is available to any other director and require such information with respect to the company'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 company as a director thereof.
(3) No fee or other financial reward shall be paid by the company to a person appointed to be an additional director of the company under this section in respect of his performance of the functions of such a director.
{ Added 11 of 1975 s. 2)
Page 5Page 6
1989 Ed.]
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