 |
||||
 |
||||
 |
||||
 |
||||
 |
||||
|
||||
 |
||||
 |
||||
 |
||||
 |
Law No: 10/96 (An Unofficial Translation)
Removal of directors for their actions
49. A company may by special resolution at a general meeting remove a director if the director has acted or shows an intent to act to the detriment of the company.
Meetings of the board
50. The Board of Directors of the company shall meet at least twice a year.
Chairman of the board
51. Chairman of the board shall chair the meetings of the Board of Directors. If for any reason the Chairman is unable to attend the meeting then the directors present shall elect one of their member to be the chairman.
Quorum
52. A majority of the Board of Directors shall constitute the quorum at a board meeting. This section does not prevent the company from increasing the quorum by its articles of association and acting upon it.
Minutes
53. Every company shall maintain the minutes of the meeting of Board of Directors. The minutes shall be signed by the Chairman of the meeting and the company secretary.
