Section 8: 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.
8. Meetings of Board
(1) The Board shall meet as often as is necessary but not less than once
every month and at such time and place as the Chairperson thinks fit.
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Financial Services Act
(2) In the absence of the Chairperson at a meeting of the Board, the
Vice-Chairperson shall act as Chairperson for that meeting, and, in the absence of the Vice-Chairperson, the members present shall elect a member to
act as Chairperson for that meeting.
(3) Everything authorised or required to be done by the Board shall be
decided by a simple majority of the members present and voting.
(4) At any meeting of the Board, 4 members shall constitute a quorum.
(5) The Board may co-opt such other person as may be of assistance in
relation to any matter before the Board.
(6) Any person co-opted under subsection (5) shall not have the right to
vote on any matter before the Board.
(7) Subject to the other provisions of this section, the Board shall regulate its meetings and proceedings in such manner as it thinks fit.