Person for election and also notice in writing signed

Info icon This preview shows pages 31–33. Sign up to view the full content.

View Full Document Right Arrow Icon
person for election, and also notice in writing signed by that person of his willingness to be elected. 43. The company may from time to time by ordinary resolution increase or reduce the number of directors , and may also determine in what rotation the increased or reduced number is to go out of office. 44. The directors shall have power at any time, and from time to time, to appoint any person to be a director , either to fill a casual vacancy or as an addition to the existing directors , but so that the total number of directors shall not at any time exceed the number fixed in accordance with these articles . Any director so appointed shall hold office only until the next following annual general meeting, and shall then be eligible for re-election, but shall not be taken into account in determining the directors who are to retire by rotation at such meeting. 45. The company may by special resolution remove any director before the expiration of his period of office notwithstanding anything in these articles or in any agreement between the company and such director . Such removal shall be without prejudice to any claim such director may have for damages for breach of any contract of service between him and the company . 46. The company may by ordinary resolution appoint another person in place of a director removed from office under the immediately preceding article. Without prejudice to the powers of the directors under article 44 the company in general meeting may appoint any person to be a director either to fill a casual vacancy or as an additional director . The person appointed to fill such a vacancy shall be subject to retirement at the same time as if he had become a director on the day on which the director in whose place he is appointed was last elected a director . Proceedings of Directors
Image of page 31

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
47. The directors may meet together for the despatch of business, adjourn, and otherwise regulate their meetings, as they think fit. Questions arising at any meeting shall be decided by a majority of votes. In the case of an equality of votes the chairman shall have a second or casting vote. A director may, and the secretary on the requisition of a director shall, at any time summon a meeting of the directors . It shall not be necessary to give notice of a meeting of directors to any director for the time being absent from Hong Kong. 48. The quorum necessary for the transaction of the business of the directors may be fixed by the directors , and unless so fixed shall be 2. 49. The continuing directors may act notwithstanding any vacancy in their body, but, if and so long as their number is reduced below the number fixed by or pursuant to the articles of the company as the necessary quorum of directors , the continuing directors or director may act for the purpose of increasing the number of directors to that number, or of summoning a general meeting of the company , but for no other purpose.
Image of page 32
Image of page 33
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern