South African Reserve Bank Act, 1989 (Act No. 90 of 1989)RegulationsSouth African Reserve Bank Regulations, 2010Chapter IV : Directors16. Board Meetings |
| 16.1 | The Board shall meet on dates determined— |
| (a) | by the Board; or |
| (b) | in terms of Regulation 16.2 read with 16.3. |
| 16.2 | The Governor or any Deputy Governor, or in case of the other directors, any three or more directors acting jointly, may request the Secretary in writing to convene a meeting of the Board, clearly stating the business to be considered: In which case the Secretary shall act on the request within 10 days and give written notice of the meeting to the directors. |
| 16.3 | A written notice of a meeting shall state the date, time and place of the meeting and be given to directors— |
| (a) | in the case of a date determined by the Board, 20 days before the meeting; or |
| (b) | in the case of a meeting convened in terms of Regulation 16.2, as soon as reasonably possible before the meeting. |
| 16.4 | As soon as reasonably possible before every meeting the Secretary shall deliver to directors documents pertaining to the business of a meeting and draft minutes of the previous meeting. |
| 16.5 | A director who is present at a meeting, or who tenders apologies without noting an objection, shall be deemed to have received proper notice of the meeting. |
| 16.6 | The directors may meet and adjourn, or otherwise arrange their meetings as they think fit. |
| 16.7 | Where a meeting is reconvened after an adjournment- |
| (a) | only the unfinished business of the adjourned meeting shall be considered; |
| (b) | notice need not be given of the reconvened meeting. |
| 16.8 | A written resolution of the Board, signed by twelve or more of the directors shall be as valid and enforceable as if it were passed at a meeting of the Board, and shall be deemed to have been passed on the date of its last signature, unless the resolution states otherwise: Provided that signatures may be contained on different copies of the same resolution. |