Proceedings
19 Proceedings
A quorum of the board consists of 5 directors.
A decision carried by a majority of the votes cast by directors at a meeting is a decision of the board.
Each director present at a meeting of the board has 1 vote on any question arising for a decision and, if the votes are equal, the member presiding at the meeting may exercise a casting vote.
A telephone or video conference between directors constituted in accordance with procedures determined by the board will, for the purposes of this section, be taken to be a meeting of the board at which the participating members are present.
A resolution of the board—
of which prior notice was given to all directors in accordance with procedures determined by the board; and
in which a majority of the directors expressed their concurrence in writing, will be taken to be a decision of the board made at a meeting of the board.
The board must have accurate minutes kept of its proceedings.
Subject to this Act, the board may determine its own procedures.
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