Electricity Retained Interest Corporations Act 2015
20Transaction of business outside meetings
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20 Transaction of business outside meetings
20 Transaction of business outside meetings
(1) A Board may, if it thinks fit, transact any of its business by the circulation of papers among all the members of the Board for the time being, and a resolution in writing approved in writing by a majority of those members is taken to be a decision of the Board.
(2) A Board may, if it thinks fit, transact any of its business at a meeting at which members (or some members) participate by telephone, closed-circuit television or other means, but only if any member who speaks on a matter before the meeting can be heard by the other members.
(3) For the purposes of—
(a) the approval of a resolution under subsection (1), or
(b) a meeting held in accordance with subsection (2),
the members have the same voting rights as they have at an ordinary meeting of the Board.
(4) A resolution approved under subsection (1) is to be recorded in the minutes of the meetings of the Board.
(5) Papers may be circulated among the members for the purposes of subsection (1) by facsimile, email or other transmission of the information in the papers concerned.