Singapore legislation

Clause 7

of Currency Bill

Clause 7

Meetings of the Board

(1)

The Board shall meet at least once in each calendar year and at such times or places as may be deemed necessary by the Chairman:Provided that the Chairman shall call a meeting as soon as practicable after receiving a request from at least two members.

(2)

A quorum for any meeting of the Board shall be three members.

(3)

No meeting of the Board, as provided for in this section, shall be held unless the Chairman or the Deputy Chairman is present.

(4)

The Chairman and the Deputy Chairman shall each have two votes and the members appointed under paragraph (c) of subsection (1) of section 6 of this Act shall each have one vote.

(5)

Any question arising at a meeting of the Board shall be decided by a majority of votes.

(6)

In the event of an equality of votes the Chairman presiding at the meeting shall have a casting vote.