Transaction of business outside meetings or by telecommunication
13 Transaction of business outside meetings or by telecommunication
The Board may, if it thinks fit, transact any of its business by the circulation of papers among all of its directors, and a resolution in writing approved in writing by a majority of the voting directors is taken to be a decision of the Board.
The Board may, if it thinks fit, transact any of its business at a meeting at which directors (or some directors) participate by telephone, closed-circuit television or other means, but only if a director who speaks on a matter at the meeting can be heard by the other directors.
For the purposes of—
the approval of a resolution under subclause (1), or
a meeting held in accordance with subclause (2),
the chairperson and each other director have the same voting rights as they have at an ordinary meeting of the Board.
A resolution approved under subclause (1) is to be recorded in the minutes of the meetings of the Board.
Papers may be circulated among directors for the purposes of subclause (1) by facsimile or other transmission of the information in the papers concerned.
This Act’s bill:Explanatory memorandumSecond reading speech
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