s 12 Meetings and decisions of board
12.—(1) The chairperson of the board may summon meetings as often as may be required but at least one meeting must be summoned in each quarter of a calendar year.[Act 12 of 2024 wef 30/08/2024] (2) At every meeting of the board, a quorum consists of 4 directors or a simple majority of the directors, whichever is the larger, and decisions are to be adopted by a simple majority of the votes of the directors present and voting except that in the case of an equality of votes the chairperson has a casting vote. (3) To avoid doubt, a decision of the board may be made by way of a resolution passed by a simple majority of the directors by written or electronic means.[24/2003] (4) In subsection (1), each of the following is a quarter of a calendar year:(a) January, February and March of the same calendar year; (b) April, May and June of the same calendar year; (c) July, August and September of the same calendar year; (d) October, November and December of the same calendar year. [Act 12 of 2024 wef 30/08/2024]