Anglo Irish Bank Corporation Act 2009
No shadow or de facto directorship.
21.— (1) While the Minister or the Minister’s nominee is a member of Anglo Irish Bank, none of the persons mentioned in subsection (2) is to be taken to be a shadow director (within the meaning given by section 27(1) of the Companies Act 1990) nor what is known as a de facto director nor (unless otherwise appointed as a director) as a person discharging managerial responsibilities of—
( a) Anglo Irish Bank,
( b) any of its subsidiaries, or
( c) any of its subsidiary undertakings.
(2) The persons are—
( a) the Minister,
( b) the Minister’s nominee,
( c) any person to whom the Minister’s functions under this Act are delegated, whether under the National Treasury Management Agency Act 1990 or otherwise,
( d) the Governor,
( e) any director of the Central Bank,
( f) F5 [ … ]
( g) officers of, or consultants or advisors to, and persons employed by or under, or acting on behalf of, the Minister, the Central Bank F6 [ … ].