Financial Intermediaries Act 1996
sec.100Meetings
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sec.100 Meetings
Meetings of a society’s board must be held as often as is necessary for properly conducting the society’s business. Meetings of the board must be held at intervals of not longer than 3 months. A quorum at a meeting of the board is the number of directors prescribed by the society’s rules, but must not be less than half the total number of directors. A meeting of the board may be conducted in the way prescribed by the society’s rules. (sec.100-ssec.1) Meetings of a society’s board must be held as often as is necessary for properly conducting the society’s business. (sec.100-ssec.2) Meetings of the board must be held at intervals of not longer than 3 months. (sec.100-ssec.3) A quorum at a meeting of the board is the number of directors prescribed by the society’s rules, but must not be less than half the total number of directors. (sec.100-ssec.4) A meeting of the board may be conducted in the way prescribed by the society’s rules.