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CORPORATIONS ACT 2001 - SECT 248E Chairing directors' meetings (replaceable rule see section 135)

CORPORATIONS ACT 2001 - SECT 248E

Chairing directors' meetings (replaceable rule see section 135)

  (1)   The directors may elect a director to chair their meetings. The directors may determine the period for which the director is to be the chair.

  (2)   The directors must elect a director present to chair a meeting, or part of it, if:

  (a)   a director has not already been elected to chair the meeting; or

  (b)   a previously elected chair is not available or declines to act, for the meeting or the part of the meeting.

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