Advanced Search

Botswana Housing Corporation - Meetings And Proceedings Of The Board (Ss 8-12)

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

 

8.       Presiding officer

 

            Meetings of the Board shall be presided over by the Chairman, or in his absence the Deputy Chairman shall act as Chairman, or in the absence of the Chairman and the Deputy Chairman the members present shall elect one of their number to act as Chairman for that meeting.

 

9.       Meetings of the Board

 

            (1) The Board shall hold meetings as and when necessary for the proper operation of the Corporation, but so however that meetings shall be held at intervals not exceeding four months.

            (2) Ordinary meetings of the Board shall be convened by the Chairman at such times and places as he may in his discretion determine.

            (3) At any meeting of the Board a quorum shall be constituted by the presence of not less than a half of the number of members appointed under section 4(1).

            (4) The Chairman, or in his absence the Deputy Chairman, shall convene a special meeting of the Board not later than one month after the receipt by him of a requisition signed by not less than three members requesting him to do so.

            (5) Decisions of the Board shall be determined by a majority of the votes of the members present and voting at that meeting, but in the event of an equality of votes the Chairman of that meeting shall have a casting as well as a deliberative vote.

            (6) No act, decision or proceeding of the Board shall be questioned on account of any vacancy in the membership thereof, or on account of any defect in the appointment of any member, if the act was done or authorized, or the decision was made, or the proceeding took place, by or in accordance with a majority vote of the persons who at the time were entitled to act as members.

            (7) Any member who has an interest, or whose spouse or near relative has an interest, in any company or undertaking with which the Corporation proposes to make, or has made, any contract, or who has any interest at all in any contract which the Corporation proposes to make or has made, shall disclose the nature of such interest, and shall take no part in any proceedings of the Board relating to such contract.

            (8) Any member who, in respect of any contract, and in contravention of the provisions of subsection (7), fails to disclose an interest, or votes or participates in any proceedings contrary to the provisions of that subsection, shall be guilty of an offence and liable to a fine of P500 and to imprisonment for six months, and the court before which he is convicted may order that he shall account to the Corporation for any profits that may accrue or have accrued to him or his spouse or near relative, as the case may be, in respect of such contract.

 

10.     Standing orders

 

            (1) The Board may, from time to time, make standing orders providing for the regulation of the proceedings of the Board and the Corporation, and without prejudice to the generality of the foregoing such standing orders may provide for-

     (a)     meetings of the Board;

     (b)     the conduct of the business of the Board, and the Corporation, and of the conduct of their operations, in the performance of their duties and the carrying out of their functions under this Act;

     (c)     the procedure for the allocation of houses and other buildings by the Corporation, and the assessments of any rents to be paid;

     (d)     the rates of interest, charges and conditions that may be specified in agreements entered into by the Corporation in respect of houses or other buildings sold by it upon terms of deferred payment;

     (e)     the rates of interest, charges and conditions in respect of loans made by the Corporation for the construction of houses and any other buildings;

     (f)      the duties and responsibilities of officers, employees and agents of the Corporation.

            (2) Standing orders concerning the assessment of rents and the matters referred to in paragraphs (d) and (e) of subsection (1) shall be subject to the approval of the Minister, given with the concurrence of the Minister for the time being responsible for finance.

 

11.     Signing of documents

 

            (1) All documents made by, and all decisions of the Board, may be signified under the hand of the Chairman, or in his absence under the hand of the Deputy Chairman, or under the hand of a member of the Board so authorized in that behalf by the Board.

            (2) All other documents made by, and all other decisions of the Corporation may be signified under the hand of the general manager appointed under section 12(1), or under the hand of any other officer of the Corporation authorized in that behalf by the Board.

 

12.     Committees