SCHEDULE 2 - Provisions with R SCHEDULE 2 - Provisions with Respect to Meetings of the Board

Section 5 (5)

1.   [Schedule 2 Clause 1 repealed by No. 76 of 1995, s. 26 ].  .  .  .  .  .  .  .  

2.   Convening of meetings of the Board

[Schedule 2 Clause 2Subclause (2) amended by No. 76 of 1995, s. 28 and Sched. 2 ]

(1) The Board shall meet on at least 11 occasions in each calendar year.

(2) A meeting of the Board may be convened by the chairperson or by any 2 directors.

3.   Procedure at meetings

[Schedule 2 Clause 3Subclause (4) amended by No. 76 of 1995, s. 26 ]

(1) Three directors shall form a quorum at any duly convened meeting of the Board.

(2) For the purpose of subclause (1) , a director who discloses an interest under section 42 shall be disregarded.

(3) Any duly convened meeting of the Board at which a quorum is present shall be competent to transact any business of the Board.

(4) Questions arising at a meeting of the Board shall, subject to this Act, be determined by a majority of votes of the directors present and voting.

4.   Chairperson

[Schedule 2 Clause 4Subclause (1) amended by No. 76 of 1995, s. 28 and Sched. 2 ][Schedule 2 Clause 4Subclause (2) amended by No. 76 of 1995, s. 26 and s. 28 and Sched. 2 ][Schedule 2 Clause 4Subclause (3) amended by No. 76 of 1995, s. 28 and Sched. 2 ]

(1) The person acting as chairperson of the Board shall preside at all meetings of the Board at which he is present.

(2) If the chairperson or the person appointed under clause 4 (2) (a) of Schedule 1 is not present at a meeting of the Board, any director other than the chief executive elected by the directors present shall preside at that meeting.