Section 21: Meetings of Board
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
21. Meetings of Board
(1) The Board shall meet at the seat of the Bank at least once every
2 months.
(2) The Governor shall preside at all meetings of the Board.
(3) Every meeting of the Board shall be convened by the Secretary to the
Board at the request—
(a) of the Governor; or
(b) in the absence of the Governor, of the First Deputy Governor;
(c) in the First Deputy Governor’s absence, of the Second Deputy
Governor; or
(d) of at least 3 members of the Board.
(4) At any meeting of the Board, 6 members shall constitute a quorum.
(5) A decision required to be taken by the Board shall be resolved by a
simple majority of the members present and voting except that, in the event
of an equality of votes, the Chairperson shall have and exercise a second or
casting vote.
(6) Subject to this section, the Board shall regulate its meetings and proceedings in such manner as it thinks fit.
[S. 21 amended by s. 3 (c) of Act 9 of 2015 w.e.f. 14 May 2015.]