Meetings of the Board

(1) The Board shall meet as often as the business of the Bank requires but not less frequently than ten times in each year. (2) The Chairperson, or in his absence the Vice- Chairperson, shall summon a special meeting of the Board within seven days of a requisition for that purpose addressed to him by any two Directors. 15 (3) A quorum for any meeting of the Board shall be three Directors, one of whom shall be the Governor or a Deputy (4) Decisions of the Board shall be by majority of the votes cast, provided that in any case in which the voting is equal, the Chairperson presiding at the meeting shall have a second or casting vote. (5) The Board shall employ the services of an official or other member of the staff as secretary and shall ensure that records are kept of its acts and decisions.