# Steel Industry (Nationalisation) Act 2026, Section 9: Directors and senior managers

Extent: E+W+S+N.I.

(1) Share transfer regulations may enable the Secretary of State—
(a) to remove a director or senior manager of a specified steel undertaking;
(b) to vary or terminate the service contract of a director or senior manager of a specified steel undertaking;
(c) to appoint a director or senior manager of a specified steel undertaking.
(2) In this section—
“director” has the same meaning as in the Companies Act 2006 (see section 250 of that Act);
“senior manager” means a person who—
(a) exercises executive functions within a specified steel undertaking, and
(b) is responsible, and directly accountable to the directors, for the day-to-day management of that undertaking.

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Source: https://www.legislation.gov.uk/ukpga/2026/27/section/9 (the official version)
Page: https://openlegislation.uk/steel-industry-nationalisation-act-2026/section-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.