149B. Appointment of directors by ordinary resolution Flashcards

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1
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149B. Appointment of directors by ordinary resolution

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General overview
[149B.01] Previously, there was no provision in the Act to provide that a director may be appointed by an ordinary resolution passed at a general meeting. It is, however, common practice for companies to do so, although this practice has not been affirmed in the Act or in the previous Table A, Fourth Schedule.

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2
Q

Ordinary resolution

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[149B.02] Act No 36 of 2014 has now confirmed the practice to appoint directors by ordinary resolution passed at general meeting in s 149B. On the other hand, the constitution may always provide a different manner of appointing directors.

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