MRDC Amendment Bill

MRDC Amendment Bill Passed

The Bill allows for governance procedures relating to appointment of directors on the MRDC board, and the election of directors for the MRDC company boards, to commence as mandated by its respective company constitution.

It rectifies the unintended consequences of the current provision in the Principal Act, in that it prevents the refreshing of representational mandate for directors on the MRDC board and project area representative directors on their MRDC Company boards, by subjecting it to the MRDC company constitution and the Companies Act 1997.