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14:20
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Originally posted by wilcox
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Clacko “40.(2) The number of directors shall not be less than 3 nor until otherwise determined by the Company in general meeting more than 10.” If you have 3 directors – board decisions are made by a majority of 2. “ 54.(1)Subject to these articles , questions arising at a meeting of directors shall be decided by a majority of votes of directors present and voting and any such decision shall for all purposes be deemed a decision of the directors. “ “27.(1) If the directors have elected one of their number as chairman of their meetings, he shall preside as chairman at every general meeting.” If one of the directors was competant , he could be elected as the new Managing Director “ 63.(1) The directors may from time to time appoint one or more of their number to the office of managing director for such period and on such terms as they think fit, and subject to other terms of any other agreement entered into in a particular case, may revoke any such appointment.” Wilcox
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Wilcox,
