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.