Clause 12
Meetings and decisions of the board
of Monetary Authority of Singapore Bill
BillNot in forceProvision 26 of 40
Clause 12
(1)
The chairman of the board 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 that in the case of an equality of votes the chairman shall have a casting vote.