The Hongkong and Shanghai Banking Corporation.
directors to retire shall (unless such directors agree among themselves) be selected from among them by lot. length of time a director has been in office shall be computed from his last election or appointment whichever is earlier in date.
93. The shareholders at any general meeting at which any directors retire in manner aforesaid shall fill the vacated offices by electing a like number of persons to be directors and without notice in that behalf may fill any other vacancies; but if from any cause such election be not had or be not completed at that meeting it may be had or completed at an extraordinary general meeting.
94. Every director retiring by rotation shall continue to hold office until the termination of the meeting at which his successor is elected, and shall be eligible for re-election.
[CAP. 70
General meeting may fill vacancies.
Retiring director to remain in office till end of meeting at which successor elected and to be eligible for re-election.
95. 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.
Power of general meeting to increase or reduce number of directors or to alter their qualification or remuneration or rotation.
96. The shareholders may by extraordinary resolution remove any director before the expiration of his period of office and may appoint another qualified person in his stead. The person so appointed shall hold office so long only as the director in whose place he is appointed would have held the same if he had not been removed.
97. 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 fourteen days before the meeting left at the head office a notice in writing duly signed and addressed to the chief manager, signifying his candidature for the office or the intention of such shareholder to propose him, as the case may be.
Power to remove director by extraordinary resolution.
Notice when candidate must give for office of director.
Page 377
The Hongkong and Shanghai Banking Corporation.
directors to retire shall (unless such directors agree among The themselves) be selected from among them by lot. length of time a director has been in office shall be computed from his last election or appointment whichever is earlier in date.
93. The shareholders at any general meeting at which any directors retire in manner aforesaid shall fill the vacated offices by electing a like number of persons to be directors and without notice in that behalf may fill any other vacancies; but if from any cause such election be not had or be not completed at that meeting it may be had or com- pleted at an extraordinary general meeting.
94. Every director retiring by rotation shall continue to hold office until the termination of the meeting at which his successor is elected, and shall be eligible for re-election.
[CAP. 70
General
meeting may
fill vacancies.
Retiring remain in of meeting at
director to
office till end
which successor elected and to be eligible for re-election.
general meeting to increase or
95. The shareholders may from time to time in general Power of 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. The shareholders may by extraordinary resolution remove any director before the expiration of his period of office and may appoint another qualified person in his stead. The person so appointed shall hold office so long only as the director in whose place he is appointed would have held the same if he had not been removed.
97. Subject to the provisions of regulation 96, no person, not being a retiring director, shall, unless recom- mended 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 fourteen days before the meeting left at the head office a notice in writing duly signed and addressed to the chief manager, signifying his candidature for the office or the intention of such shareholder to propose him, as the case may be.
reduce directors or
number of
to alter their qualification
or
remuneration or rotation,
Power to director ordinary
remove
by extra-
resolution.
when for office of must give
candidate
director
notice.
377
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