Deposit Protection Act · s 13

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s 13Meetings

(1)

The Board shall meet as often as may be required but not less than 4 times a year.

(2)

The Chairman shall preside at all meetings of the Board and in his absence, the directors present shall elect a chairman among the directors and the person so elected shall preside and have all the powers of the chairman.

(3)

The quorum for a meeting of the Board shall be a simple majority.

(4)

The decisions of the Board shall be adopted by a simple majority of the directors present and voting.

Deposit Protection

(5)

In the case of an equality of votes, the Chairman shall have a casting vote.

(6)

A resolution in writing, signed by all the directors, shall be as valid and effectual as if it had been passed at a meeting of the directors duly convened and held.

(7)

Nothing in this section shall prevent the Chairman from authorising a director to use live video, television links or other appropriate communication or multimedia facilities to participate in any meeting of the

Board.