A 40
CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
95. Power of general meeting to increase or reduce
number of directors or to alter their
qualification or remuneration
or rotation
The shareholders may from time to time in general meeting increase or reduce the number of directors and may alter their qualification and remuneration and may also determine in what rotation such increased or reduced number is to go out of office.
96. Power to remove director by special resolution
The shareholders may by special resolution remove any director before the expiration of his period of office and may appoint another qualified person in his stead.
(L.N. 157 of 1987; L.N. 334 of 1989)
97. When candidate for office of director must give notice
Subject to the provisions of regulation 96, no person, not being a retiring director, shall, unless recommended by the board for election, be eligible for election to the office of director at the general meeting unless he or some shareholder (duly qualified to be present and vote at the meeting for which such notice is given) intending to propose him has at least 14 days before the meeting left at the head office a notice in writing duly signed and addressed to the chairman, signifying his candidature for the office or the intention of such shareholder to propose him, as the case may be.
Proceedings of the board
98. Board meetings; resolutions in writing;
meetings by telephone
(L.N. 61 of 1969)
(1) A board meeting shall be convened by the chairman by written notice and shall be held as often as the board considers that the purposes of the bank require, or at any time upon requisition of two of the directors who shall specify in writing to the chairman the purpose for which they require the meeting to be held; which purpose shall be communicated by the chairman to the other directors in the notice convening such special meeting. It shall not be necessary to give notice of a meeting of the board to a director who is not within Hong Kong. (L.N. 61 of 1969)
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