Document ID: chunk:federal_register_of_legislation:C2004A03714:body:0:p6
Version: federal_register_of_legislation:C2004A03714
Segment Type: other
Provision Reference: 
Character Range: 13790–16468

to participate in a particular meeting, or all meetings, by:
     (a) telephone;
     (b) closed-circuit television; or
     (c) any other means of communication.
"(12) A director who participates in a meeting of the Board under a permission under subsection (11) shall be taken to be present at the meeting.
"(13) The Board shall keep minutes of its proceedings.
"(14) Without limiting subsection (10), the Board may invite a person to attend a meeting for the purpose of advising or informing it on any matter.
"(15) In this section:
     'the required minimum number of directors' means:
          (a) if there are 9 directors—5 directors; and
          (b) in any other case—4 directors.

Disclosure of interests
"26. (1) Where:
     (a) a director has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the Board; and
     (b) the interest could conflict with the proper performance of the director's duties in relation to the consideration of the matter;

the director shall, as soon as practicable after the relevant facts have come to the director's knowledge, disclose the nature of the interest at a meeting of the Board.
"(2) A disclosure under subsection (1) shall be recorded in the minutes of the meeting and, unless the Minister or the Board otherwise determines, the director shall not:
     (a) be present during any deliberation of the Board in relation to the matter; or
     (b) take part in any decision of the Board in relation to the matter.
"(3) For the purpose of the making of a determination by the Board under subsection (2) in relation to a director who has made a disclosure under subsection (1), a director who has a direct or indirect pecuniary interest in the matter to which the disclosure relates shall not:
     (a) be present during any deliberation of the Board for the purpose of making the determination; or
     (b) take part in the making by the Board of the determination.
"(4) Subsection (1) does not apply in relation to a matter relating to the provision of goods or services by the Corporation for the director if the goods or services are, or are to be, available to members of the public on the same terms and conditions.

Delegation of Board's powers
"27. (1) The Board may, by resolution:
     (a) delegate all or any of its powers (other than its powers under section 10b and Division 4) to a director; and
     (b) delegate its powers under subsection 11 (2) to an employee.
"(2) The delegate is, in the exercise of a delegated power, subject to the directions of the Board.
"(3) A delegation of a power under subsection (1):
     (a) may be revoked by resolution of the Board