Singapore legislation
Clause 12
Clause 12
Meetings of directors
(1)
The Chairman shall summon meetings as often as may be required but not less frequently than once in three months.
(2)
At every meeting of the Board, a quorum shall consist of four directors, and decisions shall be adopted by a simple majority of the votes of the directors present and voting except in the case of an equality of votes the Chairman shall have a casting vote.
(3)
The Chairman, or in his absence such director as the directors present shall select, shall preside at meetings of the Board.
(4)
Subject to the provisions of subsection (2) of this section, the Board shall not be precluded from holding any meeting or acting in any matter merely by reason of any vacancy in its membership.
(5)
Subject to the provisions of this Act, the Board may make standing orders to regulate its own procedure, and in particular, the holding of meetings, the notice to be given of such meetings, the proceedings thereat, the keeping of minutes and the custody, production and inspection of such minutes.