3 / 66
Classification: General
48.
Voting rights of members incapable of managing their affairs ...................................... 29
49.
Voting rights suspended where sums overdue ........................................................... 29
50.
Objections to admissibility of votes .......................................................................... 29
51.
Matters requiring shareholder approval..................................................................... 29
PROXIES.......................................................................................................................... 30
52.
Proxies ................................................................................................................. 30
53.
Appointment of proxy............................................................................................. 30
54.
Receipt of proxy .................................................................................................... 30
55.
Notice of revocation of authority .............................................................................. 31
DIRECTORS...................................................................................................................... 32
56.
Number of directors ............................................................................................... 32
57.
Directors need not be members ............................................................................... 32
ELECTION, APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS.................................. 32
58.
Election of directors by the Company........................................................................ 32
59.
Separate resolutions for election of each director ....................................................... 32
60.
The board's power to appoint directors ..................................................................... 32
61.
Retirement of directors ........................................................................................... 32
62.
Removal of directors .............................................................................................. 33
63.
Vacation of office of director.................................................................................... 33
64.
Executive directors................................................................................................. 33
ALTERNATE DIRECTORS .................................................................................................... 34
65.
Power to appoint alternate directors ......................................................................... 34
REMUNERATION, EXPENSES, PENSIONS AND OTHER BENEFITS ............................................. 34
66.
Directors' fees ....................................................................................................... 34
67.
Special remuneration ............................................................................................. 35
68.
Expenses .............................................................................................................. 35
69.
Pensions and other benefits .................................................................................... 35
70.
Payment for loss of office........................................................................................ 36
POWERS OF THE BOARD.................................................................................................... 36
71.
General powers of the board to manage the Company's business................................. 36
72.
Power to act notwithstanding vacancy ...................................................................... 37
73.
Provisions for employees ........................................................................................ 37
74.
Power to borrow money.......................................................................................... 37
DELEGATION OF BOARD'S POWERS .................................................................................... 37
75.
Delegation to individual directors ............................................................................. 37
76.
Committees .......................................................................................................... 37
77.
Powers of attorney ................................................................................................. 38
DIRECTORS' INTERESTS .................................................................................................... 38
78.
Directors' interests other than in relation to transactions or arrangements with the
Company .............................................................................................................. 38
79.
Declaration of interests other than in relation to transactions or arrangements with the
Company .............................................................................................................. 39
80.
Declaration of interest in a proposed transaction or arrangement with the Company ...... 39
81.
Declaration of interest in an existing transaction or arrangement with the Company ...... 39
82.
Provisions applicable to declarations of interest ......................................................... 39
83.
Directors' interests and voting ................................................................................. 40
PROCEEDINGS OF THE BOARD ........................................................................................... 42
84.
Board meetings ..................................................................................................... 42
85.
Notice of board meetings ........................................................................................ 42
86.
Quorum................................................................................................................ 42
87.
Chairman or deputy chairman to preside .................................................................. 42
88.
Competence of board meetings ............................................................................... 43
89.
Voting .................................................................................................................. 43
90.
Telephone/electronic board meeting......................................................................... 43
91.
Resolutions without meetings .................................................................................. 43
92.
Validity of acts of directors in spite of formal defect ................................................... 44
93.
Minutes ................................................................................................................ 44
SECRETARY...................................................................................................................... 44
94.
Secretary.............................................................................................................. 44
SHARE CERTIFICATES ....................................................................................................... 44
95.
Issue of certificates ................................................................................................ 44