175Meeting 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.

Co-operatives (National Uniform Legislation) Act 2015 114 (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.