1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 41
[Subsidiary]
(2) Subject to paragraph (1), the board shall be convened or adjourned in such manner and at such time or place and subject to such notice of the business to be transacted thereat as the board may from time to time determine.
(3) A resolution in writing, signed by all the directors present in Hong Kong, shall be as valid and effectual as if it had been passed at a meeting of the directors duly called and constituted. (L.N. 86 of 1974)
(4) Any director or member of a committee of the board appointed under regulation 105 may participate in a meeting of the directors or such committee by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting are capable of hearing each other. Participation in a meeting in this manner shall be deemed to constitute presence in person at such meeting. (L.N. 157 of 1987)
99. Quorum of directors
The board may determine the quorum necessary for the transaction of business. Until it otherwise determines, three directors shall be a quorum.
100.
Director interested to be counted in a quorum
A director who is interested is to be counted in a quorum notwithstanding his interest. His right of voting is limited by regulation 90 and regulation 115.
(L.N. 61 of 1969)
101. How questions to be decided
Questions arising at any meeting of the board shall be decided by a majority of votes and in case of an equality of votes the chairman shall have a second or casting vote.
102.
Chairman and deputy chairman
The board may from time to time elect one of its members who is an executive director within the meaning of regulation 115 to be the chairman and may, if they think fit, from time to time elect no more than 2 other members to be deputy chairman and may determine a period for which they are respectively to hold office.
(L.N. 61 of 1969)
103.
Who to preside at meetings of board
The chairman, or in his absence the deputy chairman first appointed, or in his absence the other deputy chairman, shall preside at every meeting of the board but if all of these be absent or if there be no chairman or deputy chairman, or if at any meeting the chairman or a deputy chairman be not
1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 41
[Subsidiary]
(2) Subject to paragraph (1), the board shall be convened or adjourned in such manner and at such time or place and subject to such notice of the business to be transacted thereat as the board may from time to time determine.
(3) A resolution in writing, signed by all the directors present in Hong Kong, shall be as valid and effectual as if it had been passed at a meeting of the directors duly called and constituted. (L.N. 86 of 1974)
(4) Any director or member of a committee of the board appointed under regulation 105 may participate in a meeting of the directors or such committee by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting are capable of hearing each other. Participation in a meeting in this manner shall be deemed to constitute presence in person at such meeting. (L.N. 157 of 1987)
99. Quorum of directors
The board may determine the quorum necessary for the transaction of business. Until it otherwise determines, three directors shall be a quorum.
100.
Director interested to be counted in a quorum
A director who is interested is to be counted in a quorum notwithstanding his interest. His right of voting is limited by regulation 90 and regulation 115.
(L.N. 61 of 1969)
101. How questions to be decided
Questions arising at any meeting of the board shall be decided by a majority of votes and in case of an equality of votes the chairman shall have a second or casting vote.
102.
Chairman and deputy chairman
The board may from time to time elect one of its members who is an executive director within the meaning of regulation 115 to be the chairman and may, if they think fit, from time to time elect no more than 2 other members to be deputy chairman and may determine a period for which they are respectively to hold office.
(L.N. 61 of 1969)
103.
Who to preside at meetings of board
The chairman, or in his absence the deputy chairman first appointed, or in his absence the other deputy chairman, shall preside at every meeting of the board but if all of these be absent or if there be no chairman or deputy chairman, or if at any meeting the chairman or a deputy chairman be not
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