248G
In forcePassing of directors’ resolutions (replaceable rule see section 135)
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2GMeetings
Part 2G.1Directors’ meetings
Division 2Directors’ meetings
248G Passing of directors’ resolutions (replaceable rule see section 135)
(1)
A resolution of the directors must be passed by a majority of the votes cast by directors entitled to vote on the resolution.
(2)
The chair has a casting vote if necessary in addition to any vote they have in their capacity as a director.
Note:
The chair may be precluded from voting, for example, by a conflict of interest.
This Act’s bill:Explanatory memorandumSecond reading speech
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