Housing Development Finance Corporation of Sri Lanka Act 1997 · As enacted · Part I · Establisiiment of Housiing Development Finance Corporation of Sri Lanka
6. Meetings of the Board
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The Chairman shall preside at all meetings of the
Board and in the absence of the Chairman from any meeting of the Board, the Directors present at such mecting shal! select from among themselves a Chairman for that mecting.
The quorum for any mecting of the Board, shall be five.
The Chairman of any mccting of the Board shall, in addition to his own vote, have a casting vole.
A resolution in writing signed by all the directors, for the time being entitled to receive notice of a meeting of the Board, shall be valid and effectual as if such resolution had been passed at a meeting of the Board duly convened and held.
Subject to the other provisions of this Act, the Board may regulate the procedure in regard to its meetings and the transaction of business at such meetings.
All or any of the dircctors shall be paid such remuneration as may be determined by the shareholders of the Corporation at a mecling of such sharcholders.