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3. Right to appoint or remove a majority of the directors

(1) In section 1015(1)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.
(2) A company shall be treated as having the right to appoint to a directorship if—
(a) a person's appointment to it follows necessarily from his appointment as director of the company, or
(b) the directorship is held by the company itself.
(3) A right to appoint or remove which is exercisable only with the consent or concurrence of another person shall be left out of account unless no other person has a right to appoint or, as the case may be, remove in relation to that directorship.