AI Summary of 71. Information on composition of board of directors by reference to gender
The Principal Act is amended by the addition of section 888B, which allows a company to submit information regarding the gender composition of its board of directors when delivering its annual return to the Registrar. Such submissions must be in the prescribed form and are to be treated separately from the company's annual return.
The Registrar is mandated to pass this information to the Minister, although any identifying details concerning the individuals or companies will be excluded. The Minister is authorised to publish the summarised information in an appropriate format, thereby facilitating transparency while safeguarding individual identities.
71. Information on composition of board of directors by reference to gender
The Principal Act is amended by the insertion of the following section after section 888A:
(1) A company may, when delivering its annual return under this Act, submit information to the Registrar in the prescribed form in relation to the composition of its board of directors by reference to gender.
(2) Subject to subsection (3), the Registrar shall provide any information submitted under subsection (1) to the Minister.
(3) Information provided to the Minister under subsection (2) shall exclude any information that may identify or could reasonably lead to the identification of an individual or a company.
(4) The Minister may publish information provided under subsection (2) in such form and manner as the Minister considers appropriate.
(5) Any information submitted by a company to the Registrar under this section shall not form part of the annual return of the company.".