Commonwealth Numbered Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1974 No. 122 of 1974 - SECT 51

51. (1) The Board shall hold such meetings as are necessary for the
performance of its functions.

(2) The Minister, the Chairman or, if the Chairman is unable (whether on
account of illness or otherwise) to perform the functions of his office, the
Deputy Chairman, may at any time convene a meeting of the Board.

(3) The Chairman or, if the Chairman is unable (whether on account of illness
or otherwise) to perform the functions of his office, the Deputy Chairman,
shall convene a meeting of the Board upon the receipt of a request in writing
from not less than 3 members.

(4) The Chairman shall preside at all meetings of the Board at which he is
present.

(5) If the Chairman is not present at a meeting of the Board, the Deputy
Chairman shall, if present at the meeting, preside at the meeting.

(6) If neither the Chairman nor the Deputy Chairman is present at a meeting of
the Board, the members present shall elect one of their number to preside at
the meeting.

(7) At a meeting of the Board, 5 members constitute a quorum.

(8) Questions arising at a meeting of the Board shall be determined by a
majority of the votes of the members present and voting.

(9) The member 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.

(10) In this section-

   (a)  a reference to the Chairman shall, if there is an acting Chairman, be
        read as a reference to the acting Chairman;

   (b)  a reference to the Deputy Chairman shall, if there is an acting Deputy
        Chairman, be read as a reference to the acting Deputy Chairman; and

   (c)  a reference to a member shall be read as including a reference to an
        acting member appointed under sub-section 50 (3) and to an
        acting Managing Director or an acting Deputy Managing Director.