6
CAP. 1040]
Po Leung Kuk
[1987 Ed.
Term of office of directors.
Casual vacancies in board.
Directors may be re-elected.
Directors not re-elected.
Election of chairman.
Election of vice-chairman.
Procedure at election of chairman and vice-chairmen.
Casual vacancy in office of chairman.
(4) A nomination of any person to be a director shall be delivered to the secretary not less than 14 days prior to the annual general meeting.
(5) Persons so nominated, if approved by the advisory board, shall be candidates for the post of director if proposed and seconded as such at the annual general meeting.
7. (1) The directors shall subject to sub-paragraph (2) hold office for a period of 1 year commencing on 1 April or if they are elected after that date until 1 April next following their election.
(2) If the election of directors for the ensuing year has not been completed on or before 31 March the directors in office on that day shall continue to hold office until the election of their immediate successors.
8. (1) If any director dies, resigns or becomes incapable of further acting, the remaining directors or a majority of them shall have power to elect any person qualified under paragraph 6(2) to fill the vacancy for the remainder of the term of office of such director.
(2) If it is found impracticable for the remaining directors so to do or if the remaining directors fail to exercise their power so to do, the Governor may appoint a temporary director to act until the next annual general meeting.
9.
Directors shall be eligible for re-election.
10. If any director shall not be re-elected, such person shall during the next succeeding year be known as "Hip Li" (協理) and shall be entitled to attend all meetings of the board in such subsequent year and to take part in discussions but not to vote at such meetings.
11. As soon as possible after the election of the directors for any particular year, the directors shall elect a chairman from amongst them, and the person so elected shall be a director who has held office as vice-chairman for not less than 1 year immediately preceding that year unless no such director is available.
12. (1) Immediately after the election of the chairman, the directors shall elect from amongst themselves not less than 3 and not more than 5 vice-chairmen who in the order of their election, shall be the first vice-chairman, the second vice-chairman, the third vice-chairman, the fourth vice-chairman, if any, and the fifth vice-chairman, if any, respectively.
(2) No person who has not been-
(a) a director in any one of the previous years; or
(b) a member of the elected committee prior to 1 April 1973 under the repealed Ordinance,
shall be eligible for election as a vice-chairman unless no past director or member of the elected committee is available for election.
(Replaced, L.N. 144/75)
13. (1) The retiring chairman, or the person entitled to preside in his absence at the annual general meeting, shall preside at the elections under paragraphs 11 and 12.
(2) In the event of 2 or more candidates for election as chairman or vice-chairman being returned with an equality of votes at any election, the chairman of the meeting shall have a casting vote.
14. In the event of the death, resignation, incapacity or absence of the chairman at any time, the first vice-chairman shall be the chairman, and the second vice-chairman, third vice-chairman, fourth vice-chairman and fifth vice-chairman shall be the first vice-chairman, the second vice-chairman, third vice-chairman and fourth vice-chairman respectively, until an election is held under paragraph 15.