# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 8


Until such time as their entire interest in the share capital or business of the company has been disposed of the Board shall, subject only to taking any steps they consider necessary to protect the interests of registered eligible producers–
(a) consult with the management of the company as to the Board’s plans for the disposal of their interest;
(b) not seek to use their rights as a shareholder to intervene in commercial decisions made by the company in the day to day management of its business;
(c) to the extent that any goods or services are required to be supplied by the Board to the company or by the company to the Board, ensure that such supplies are made on reasonable arm’s length terms;
(d) to the extent that any arrangements are required to be entered between the Board and the company with regard to the financing of the Board, ensure that such arrangements are entered into on reasonable arm’s length terms.

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/5/paragraph/8 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-5/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.