Part 2 s 89 (b) Crown Entities Act 2004 Version as at 1 July 2024 to perform or exercise any or all of the following functions, duties, or powers: (i) administering appropriations: (ii) administering legislation: (iii) tendering advice to Ministers: (iv) any other functions, duties, or powers in this Act or another Act that may, or must, be performed or exercised by the monitor. Section 88A: inserted, on 18 July 2013, by section 17 of the Crown Entities Amendment Act 2013 (2013 No 51). Appointment and removal of members 89 Criteria for appointments by shareholding Minister (1) A shareholding Minister of a Crown entity company must appoint members in accordance with any criteria for members, and any process for appointment, set out under this Act or another Act or the company’s constitution. (2) A shareholding Minister— (a) may only appoint a person who, in the shareholding Minister’s opin‐ ion, has the appropriate knowledge, skills, and experience to ensure the sound management of the Crown entity company and to assist the company to achieve its objectives and perform its functions; and (b) subject to subsection (1), in appointing, must take into account the desirability of promoting diversity in the membership of Crown entities. (3) A member of Parliament is disqualified from being a member of a Crown entity company. 90 Members must disclose interests before appointment (1) Before a person is appointed as a member of a Crown entity company, the person must disclose to the shareholding Ministers the nature and extent (including monetary value, if quantifiable) of all interests that the person has at that time, or is likely to have, in matters relating to the Crown entity company. (2) The board of the Crown entity company must notify the shareholding Ministers of a failure to comply with subsection (1) as soon as practicable after becoming aware of the failure. (3) Sections 139 and 140 of the Companies Act 1993 do not apply until after the member is appointed. 91 No compensation for removal from office A member of a Crown entity company is not entitled to any compensation or other payment or benefit relating to his or her ceasing for any reason to hold office as a member. 46