Road Traffic Management Corporation Act, 1999 (Act No. 20 of 1999)Chapter 2 : Establishment and governance of Road Traffic Management Corporation11. Meetings of Shareholders Committee |
| (1) | The Minister is the chairperson of the Shareholders Committee. |
| (2) | The Minister must convene the Shareholders Committee at least four times a year at the place and time specified by the Minister. |
| (3) | The Shareholders Committee must appoint a member referred to in section 6(2)(b) or (c) as deputy chairperson for a period not exceeding 12 months. |
| (4) | The Minister or, in his or her absence, the deputy chairperson, if he or she is present, presides at every meeting of the Shareholders Committee. |
| (5) | If both the Minister and the deputy chairperson of the Shareholders Committee are unable to perform any function of the chairperson, the other members must designate one of their number to act as chairperson during such inability. |
| (6) | The Shareholders Committee must determine the procedure in respect of its meetings. |
| (7) | A quorum for a meeting of the Shareholders Committee is half of the appointed members plus one. |
| (8) | The Shareholders Committee must endeavour to reach consensus on any matter considered by it, but in the event that it cannot reach consensus, the decision of the majority of the members present at the meeting in question will, subject to section 12, prevail. |
| (9) | In the event of an equality of votes, the member chairing the meeting has a casting vote in addition to his or her deliberative vote and he or she must exercise such vote to break a deadlock. |
| (10) | No decision of the Shareholders Committee is invalid by reason only of the fact that when the decision was taken a vacancy existed on the Shareholders Committee. |
| (11) | A person appointed, or official seconded in terms of section 17, must compile minutes of the meetings of the Shareholders Committee and make them available to the members of the Shareholders Committee. |