Co-operatives National Law (NSW)
175Meeting of board of directors
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175 Meeting of board of directors
175 Meeting of board of directors
(1) Meetings of the board of directors must be held at least once every 3 months and may be held as often as may be necessary.
(2) A meeting of the board of directors may be called by a director giving notice individually to every other director.
(3) A meeting of the board of directors may be called or held using any technology consented to by the board, and the consent may be a standing one.
(4) A quorum of a meeting of the board of directors is 50% of the number of directors, or a greater number of directors specified in the rules of the co-operative.
(5) However, for a quorum, the member directors must outnumber the non-member directors by at least one or, if a greater number is stated in the rules of the co-operative, by that greater number.
(6) The chairperson of the board may be elected either by the board or at a general meeting of the co-operative, and is to be elected, hold office, and retire, and may be removed from office, as provided by the rules of the co-operative.