Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 14 : OmbudsPart 1 : Ombud Council185. Meetings of Board |
(1)
| (a) | The Board must meet on a quarterly basis or as often as necessary for the performance of its functions. |
| (b) | An audio or audio-visual conference among a majority of the members of the Board, which enables each participating member to hear and be heard by each of the other participating members, must be regarded to be a meeting of the Board, and each participating member must be regarded as being present at such a meeting. |
| (2) | Meetings of the Board are to be at times and, except where subsection (1)(b) applies, at places determined by the Chairperson. |
| (3) | A quorum for a meeting of the Board is a majority of its members. |
(4)
| (a) | The Chairperson chairs the meetings of the Board at which the Chairperson is present. |
| (b) | If the Chairperson is not present at a meeting, the Deputy Chairperson chairs the meeting. |
| (5) | The person chairing a meeting of the Board may invite or allow any other person to attend a meeting of the Board, but a person who is invited has no right to vote at the meeting. |
| (6) | The members may regulate proceedings at Board meetings as they consider appropriate. |
| (7) | The Chairperson must ensure that minutes of each meeting of the Board are kept in a manner determined by the Chairperson. |
[Section 185 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]