(a) In this section -
"director" and "proprietary director" have the same meanings respectively as in section 472;
"employee", in relation to a body corporate, includes any person taking part in the management of the affairs of the body corporate who is not a director, and includes a person who is to be or has been an employee;
"part-time director", in relation to a body corporate, means a director who is not required to devote substantially the whole of his or her time to the service of the body corporate;
"proprietary employee", in relation to a company, means an employee who is the beneficial owner of, or able, either directly or through the medium of other companies or by any other indirect means, to control, more than 15 per cent of the ordinary share capital of the company.
(b) For the purposes of the definitions of "proprietary director" and "proprietary employee", ordinary share capital which is owned or controlled as referred to in those definitions by a person, being a sp
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