1.2
Definition of "independent director"
(i)
Is there a difference between the definition of "officer" in paragraphs (b) and (d) of the said definition of "independent director" in Chapter 1 of the Main LR ("the said definition")?
Yes. For the purpose of paragraph (b) of the said definition, "officer" has the meaning set out in section 4 of the Companies Act 1965 whereas for the purpose of paragraph (d) of the said definition, "officer" has been defined in paragraph 1.01 of the Main LR to be the chief executive, the chief operating officer, the chief financial controller or any other person primarily responsible for the operations or financial management of an applicant, a listed issuer or its related corporation, by whatever name called.