Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 21

             (1)  Subject to this section, the Chair shall convene such meetings of the Board as the Chair thinks necessary for the efficient conduct of the affairs of the Corporation.

             (2)  The Chair shall convene a meeting of the Board upon being requested in writing to do so by not less than 2 Directors.

             (3)  Meetings of the Board shall be held at such places as the Chair determines.

             (4)  The Chair shall preside at all meetings of the Board at which the Chair is present and, in the Chairman's absence from a meeting, the Directors present shall appoint one of their number to preside at that meeting.

             (5)  At a meeting of the Board, a quorum is constituted by 2 Directors, of whom one is the Chair or the Chief Executive and the other is neither the Chair nor the Chief Executive.

             (6)  Subject to this Act, questions arising at a meeting of the Board shall be decided by a majority of the votes of the Directors present and voting.

             (7)  The Director presiding at a meeting of the Board has a deliberative vote and, in the event of an equality of votes, also has a casting vote.

             (8)  If a majority of the Directors (being Directors who, if they were present at a meeting of the Board, would constitute a quorum) sign a document containing a statement that they are in favour of a resolution of the Board in terms set out in the document, a resolution in those terms shall be deemed to have been passed at a duly constituted meeting of the Board held on the day on which the document was signed or, if the Directors sign the document on different days, on the day on which the document was last signed by a Director.

             (9)  For the purposes of subsection (8), 2 or more separate documents containing statements in identical terms each of which is signed by one or more Directors shall together be deemed to constitute one document containing a statement in those terms signed by those Directors on the respective days on which they signed the separate documents.