Cap. 510 ст. 10Conduct of the affairs of the Board.

(1) Subject to any other provisions of this Act, the Board may regulate its own procedure.

(2) The Board shall meet as often as may be necessary but in no case less frequently than once every calendar month.

(3) The Board may exercise its functions notwithstanding any vacancy in its membership, as long as such vacancies do not exceed two in number and provided there is a quorum present at the meeting consisting of the Chairman or Deputy Chairman and not less than half the number of the other members constituting the Board at the time of the meeting.

(4) Meetings of the Board shall be convened by the Chairman, or by the Deputy Chairman, in the absence of the Chairman, either on his own initiative or at the written request of any three of the other members of the Board.

(5) (a) Decisions shall be taken by a simple majority of votes of the members present and voting.

(b) The Chairman or, in his absence, the Deputy Chairman, or other person appointed to act as Chairman, shall have an initial vote and, in the event of an equality of votes, a casting vote.

(c) Without prejudice to the other requirements of this Act, no decision shall be valid unless it is supported by at least three members of the Board.

(6) All acts done by any person acting in good faith, as a member of the Board, shall be valid as if he were a member notwithstanding that some defect in his appointment or qualification be afterwards discovered.

(7) No act or proceeding of the Board shall be questioned on the ground of the contravention by a member of the provisions of article 10.