Quorum for directors’ meetings
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Memorandwm Esboniadol
16.—(1) At a directors’ meeting, unless a quorum is participating, no proposal is to be voted on, except a proposal to call another meeting.
(2) The quorum for directors’ meetings may be fixed from time to time by a decision of the directors, but it must never be less than two, and unless otherwise fixed it is two.
(3) If the total number of directors for the time being is less than the quorum required, the directors must not take any decision other than a decision—
(a)to appoint further directors, or
(b)to call a general meeting so as to enable the members to appoint further directors.