Procedure and meetings

(1) The Board shall meet at such times as may be necessary or expedient for the transaction of business, and such meetings may be held at such places and times and on such days as the Board shall determine, provided that the Board shall meet at least once a month. 9 (2) Minutes in proper form of each meeting of the Board shall be kept by the secretary. (3) The Chairperson may at any time call a special meeting of the Board and shall call a special meeting to be held within seven days of a written request for that purpose addressed to him by any two directors. (4) The decisions of the Board shall be by majority vote. (5) The Chairperson or, in the case of the absence or inability to act of the Chairperson, the Deputy Chairperson shall preside at the meetings of the Board, and when so presiding the Chairperson or the Deputy Chairperson, as the case may be, shall in addition to an original vote have a casting vote in any case in which the voting is equal. (6) The quorum of the Board shall be four members with voting rights. (7)Subject to the provisions of this Act, the Board may regulate its own proceedings. (8) The validity of any proceedings of the Board shall not be affected by any vacancy amongst the directors or by any defect in the appointment of a director.