英国公众公司的公司新版章程模板

SCHEDULE3 Regulation4

MODELARTICLESFORPUBLICCOMPANIES

INDEXTOTHEARTICLES

PART1

INTERPRETATIONANDLIMITATIONOFLIABILITY

1.Definedterms

2.Liabilityofmembers

PART2

DIRECTORS

DIRECTORS’POWERSANDRESPONSIBILITIES

3.Directors’generalauthority

4.Members’reservepower

5.Directorsmaydelegate

6.Committees

DECISION-MAKINGBYDIRECTORS

7.Directorstotakedecisionscollectively

8.Callingadirectors’meeting

9.Participationindirectors’meetings

10.Quorumfordirectors’meetings

11.Meetingswheretotalnumberofdirectorslessthanquorum

12.Chairingdirectors’meetings

13.Votingatdirectors’meetings:generalrules

14.Chairman’scastingvoteatdirectors’meetings

15.Alternatesvotingatdirectors’meetings

16.Conflictsofinterest

17.Proposingdirectors’writtenresolutions

18.Adoptionofdirectors’writtenresolutions

19.Directors’discretiontomakefurtherrules

APPOINTMENTOFDIRECTORS

20.Methodsofappointingdirectors

21.Retirementofdirectorsbyrotation

22.Terminationofdirector’sappointment

23.Directors’remuneration

24.Directors’expenses

ALTERNATEDIRECTORS

25.Appointmentandremovalofalternates

26.Rightsandresponsibilitiesofalternatedirectors

27.Terminationofalternatedirectorship

PART3

DECISION-MAKINGBYMEMBERS

ORGANISATIONOFGENERALMEETINGS

28.Memberscancallgeneralmeetingifnotenoughdirectors

29.Attendanceandspeakingatgeneralmeetings

30.Quorumforgeneralmeetings

31.Chairinggeneralmeetings

32.Attendanceandspeakingbydirectorsandnon-members

33.Adjournment

VOTINGATGENERALMEETINGS

34.Voting:general

35.Errorsanddisputes

36.Demandingapoll

37.Procedureonapoll

38.Contentofproxynotices

39.Deliveryofproxynotices

40.Amendmentstoresolutions

RESTRICTIONSONMEMBERS’RIGHTS

41.Novotingofsharesonwhichmoneyowedtocompany

APPLICATIONOFRULESTOCLASSMEETINGS

42.Classmeetings

PART4

SHARESANDDISTRIBUTIONS

ISSUEOFSHARES

43.Powerstoissuedifferentclassesofshare

44.Paymentofcommissionsonsubscriptionforshares

INTERESTSINSHARES

45.Companynotboundbylessthanabsoluteinterests

SHARECERTIFICATES

46.Certificatestobeissuedexceptincertaincases

47.Contentsandexecutionofsharecertificates

48.Consolidatedsharecertificates

49.Replacementsharecertificates

SHARESNOTHELDINCERTIFICATEDFORM

50.Uncertificatedshares

51.Sharewarrants

PARTLYPAIDSHARES

52.Company’slienoverpartlypaidshares

53.Enforcementofthecompany’slien

54.Callnotices

55.Liabilitytopaycalls

56.Whencallnoticeneednotbeissued

57.Failuretocomplywithcallnotice:automaticconsequences

58.Noticeofintendedforfeiture

59.Directors’powertoforfeitshares

60.Effectofforfeiture

61.Procedurefollowingforfeiture

62.Surrenderofshares

TRANSFERANDTRANSMISSIONOFSHARES

63.Transfersofcertificatedshares

64.Transferofuncertificatedshares

65.Transmissionofshares

66.Transmittees’rights

67.Exerciseoftransmittees’rights

68.Transmitteesboundbypriornotices

CONSOLIDATIONOFSHARES

69.Procedurefordisposingoffractionsofshares

DISTRIBUTIONS

70.Procedurefordeclaringdividends

71.Calculationofdividends

72.Paymentofdividendsandotherdistributions

73.Deductionsfromdistributionsinrespectofsumsowedtothecompany

74.Nointerestondistributions

75.Unclaimeddistributions

76.Non-cashdistributions

77.Waiverofdistributions

CAPITALISATIONOFPROFITS

78.Authoritytocapitaliseandappropriationofcapitalisedsums

PART5

MISCELLANEOUSPROVISIONS

COMMUNICATIONS

79.Meansofcommunicationtobeused

80.Failuretonotifycontactdetails

ADMINISTRATIVEARRANGEMENTS

81.Companyseals

82.Destructionofdocuments

83.Norighttoinspectaccountsandotherrecords

84.Provisionforemployeesoncessationofbusiness

DIRECTORS’INDEMNITYANDINSURANCE

85.Indemnity

86.Insurance

PART1

INTERPRETATIONANDLIMITATIONOFLIABILITY

Definedterms

1.Inthearticles,unlessthecontextrequiresotherwise—

“alternate”or“alternatedirector”hasthemeaninggiveninarticle25;

“appointor”hasthemeaninggiveninarticle25;

“articles”meansthecompany’sarticlesofassociation;

“bankruptcy”includesindividualinsolvencyproceedingsinajurisdictionotherthanEnglandandWalesorNorthernIrelandwhichhaveaneffectsimilartothatofbankruptcy;

“call”hasthemeaninggiveninarticle54;

“callnotice”hasthemeaninggiveninarticle54;

“certificate”meansapapercertificate(otherthanasharewarrant)evidencingaperson’stitletospecifiedsharesorothersecurities;

“certificated”inrelationtoashare,meansthatitisnotanuncertificatedshareorashareinrespectofwhichasharewarranthasbeenissuedandiscurrent;

“chairman”hasthemeaninggiveninarticle12;

“chairmanofthemeeting”hasthemeaninggiveninarticle31;

“CompaniesActs”meanstheCompaniesActs(asdefinedinsection2oftheCompaniesAct),insofarastheyapplytothecompany;

“company’slien”hasthemeaninggiveninarticle52;

“director”meansadirectorofthecompany,andincludesanypersonoccupyingthepositionofdirector,bywhatevernamecalled;

“distributionrecipient”hasthemeaninggiveninarticle72;

“document”includes,unlessotherwisespecified,anydocumentsentorsuppliedinelectronicform;

“electronicform”hasthemeaninggiveninsection1168oftheCompaniesAct;

“fullypaid”inrelationtoashare,meansthatthenominalvalueandanypremiumtobepaidtothecompanyinrespectofthatsharehavebeenpaidtothecompany;

“hardcopyform”hasthemeaninggiveninsection1168oftheCompaniesAct;

“holder”inrelationtosharesmeansthepersonwhosenameisenteredintheregisterofmembersastheholderoftheshares,or,inthecaseofashareinrespectofwhichasharewarranthasbeenissued(andnotcancelled),thepersoninpossessionofthatwarrant;

“instrument”meansadocumentinhardcopyform;

“lienenforcementnotice”hasthemeaninggiveninarticle53;

“member”hasthemeaninggiveninsection112oftheCompaniesAct;

“ordinaryresolution”hasthemeaninggiveninsection282oftheCompaniesAct;

“paid”meanspaidorcreditedaspaid;

“participate”,inrelationtoadirectors’meeting,hasthemeaninggiveninarticle9;

“partlypaid”inrelationtoasharemeansthatpartofthatshare’snominalvalueorany

premiumatwhichitwasissuedhasnotbeenpaidtothecompany;

“proxynotice”hasthemeaninggiveninarticle38;

“securitiesseal”hasthemeaninggiveninarticle47;

“shares”meanssharesinthecompany;

“specialresolution”hasthemeaninggiveninsection283oftheCompaniesAct;

“subsidiary”hasthemeaninggiveninsection1159oftheCompaniesAct;

“transmittee”meansapersonentitledtoasharebyreasonofthedeathorbankruptcyofashareholderorotherwisebyoperationoflaw;

“uncertificated”inrelationtoasharemeansthat,byvirtueoflegislation(otherthansection778oftheCompaniesAct)permittingtitletosharestobeevidencedandtransferredwithoutacertificatee,titletothatshareisevidencedandmaybetransferredwithoutacertificate;and

“writing”meanstherepresentationorreproductionofwords,symbolsorotherinformationinavisibleformbyanymethodorcombinationofmethods,whethersentorsuppliedinelectronicformorotherwise.

Unlessthecontextotherwiserequires,otherwordsorexpressionscontainedinthesearticlesbearthesamemeaningasintheCompaniesActasinforceonthedatewhenthesearticlesbecomebindingonthecompany.

Liabilityofmembers

2.Theliabilityofthemembersislimitedtotheamount,ifany,unpaidonthesharesheldbythem.

PART2

DIRECTORS

DIRECTORS’POWERSANDRESPONSIBILITIES

Directors’generalauthority

3.Subjecttothearticles,thedirectorsareresponsibleforthemanagementofthecompany’sbusiness,forwhichpurposetheymayexerciseallthepowersofthecompany.

Members’reservepower

4.—(1)Themembersmay,byspecialresolution,directthedirectorstotake,orrefrainfromtaking,specifiedaction.

(2)Nosuchspecialresolutioninvalidatesanythingwhichthedirectorshavedonebeforethepassingoftheresolution.

Directorsmaydelegate

5.—(1)Subjecttothearticles,thedirectorsmaydelegateanyofthepowerswhichareconferredonthemunderthearticles—

(a)tosuchpersonorcommittee;

(b)bysuchmeans(includingbypowerofattorney);

(c)tosuchanextent;

(d)inrelationtosuchmattersorterritories;and

(e)onsuchtermsandconditions;

astheythinkfit.

(2)Ifthedirectorssospecify,anysuchdelegationmayauthorisefurtherdelegationofthe

directors’powersbyanypersontowhomtheyaredelegated.

(3)Thedirectorsmayrevokeanydelegationinwholeorpart,oralteritstermsandconditions.

Committees

6.—(1)Committeestowhichthedirectorsdelegateanyoftheirpowersmustfollowprocedureswhicharebasedasfarastheyareapplicableonthoseprovisionsofthearticleswhichgovernthetakingofdecisionsbydirectors.

(2)Thedirectorsmaymakerulesofprocedureforalloranycommittees,whichprevailoverrulesderivedfromthearticlesiftheyarenotconsistentwiththem.

DECISION-MAKINGBYDIRECTORS

Directorstotakedecisionscollectively

7.Decisionsofthedirectorsmaybetaken—

(a)atadirectors’meeting,or

(b)intheformofadirectors’writtenresolution.

Callingadirectors’meeting

8.—(1)Anydirectormaycalladirectors’meeting.

(2)Thecompanysecretarymustcalladirectors’meetingifadirectorsorequests.

(3)Adirectors’meetingiscalledbygivingnoticeofthemeetingtothedirectors.

(4)Noticeofanydirectors’meetingmustindicate—

(a)itsproposeddateandtime;

(b)whereitistotakeplace;and

(c)ifitisanticipatedthatdirectorsparticipatinginthemeetingwillnotbeinthesameplace,howitisproposedthattheyshouldcommunicatewitheachotherduringthemeeting.

(5)Noticeofadirectors’meetingmustbegiventoeachdirector,butneednotbeinwriting.

(6)Noticeofadirectors’meetingneednotbegiventodirectorswhowaivetheirentitlementtonoticeofthatmeeting,bygivingnoticetothateffecttothecompanynotmorethan7daysafterthedateonwhichthemeetingisheld.Wheresuchnoticeisgivenafterthemeetinghasbeenheld,thatdoesnotaffectthevalidityofthemeeting,orofanybusinessconductedatit.

Participationindirectors’meetings

9.—(1)Subjecttothearticles,directorsparticipateinadirectors’meeting,orpartofadirectors’meeting,when—

(a)themeetinghasbeencalledandtakesplaceinaccordancewiththearticles,and

(b)theycaneachcommunicatetotheothersanyinformationoropinionstheyhaveonanyparticularitemofthebusinessofthemeeting.

(2)Indeterminingwhetherdirectorsareparticipatinginadirectors’meeting,itisirrelevantwhereanydirectorisorhowtheycommunicatewitheachother.

(3)Ifallthedirectorsparticipatinginameetingarenotinthesameplace,theymaydecidethatthemeetingistobetreatedastakingplacewhereveranyofthemis.

Quorumfordirectors’meetings

10.—(1)Atadirectors’meeting,unlessaquorumisparticipating,noproposalistobevotedon,exceptaproposaltocallanothermeeting.

(2)Thequorumfordirectors’meetingsmaybefixedfromtimetotimebyadecisionofthedirectors,butitmustneverbelessthantwo,andunlessotherwisefixeditistwo.

Meetingswheretotalnumberofdirectorslessthanquorum

11.—(1)Thisarticleapplieswherethetotalnumberofdirectorsforthetimebeingislessthanthequorumfordirectors’meetings.

(2)Ifthereisonlyonedirector,thatdirectormayappointsufficientdirectorstomakeupaquorumorcallageneralmeetingtodoso.

(3)Ifthereismorethanonedirector—

(a)adirectors’meetingmaytakeplace,ifitiscalledinaccordancewiththearticlesandatleasttwodirectorsparticipateinit,withaviewtoappointingsufficientdirectorstomakeupaquorumorcallingageneralmeetingtodoso,and

(b)ifadirectors’meetingiscalledbutonlyonedirectorattendsattheappointeddateandtimetoparticipateinit,thatdirectormayappointsufficientdirectorstomakeupaquorumorcallageneralmeetingtodoso.

Chairingdirectors’meetings

12.—(1)Thedirectorsmayappointadirectortochairtheirmeetings.

(2)Thepersonsoappointedforthetimebeingisknownasthechairman.

(3)Thedirectorsmayappointotherdirectorsasdeputyorassistantchairmentochairdirectors’meetingsinthechairman’sabsence.

(4)Thedirectorsmayterminatetheappointmentofthechairman,deputyorassistantchairmanatanytime.

(5)Ifneitherthechairmannoranydirectorappointedgenerallytochairdirectors’meetingsinthechairman’sabsenceisparticipatinginameetingwithintenminutesofthetimeatwhichitwastostart,theparticipatingdirectorsmustappointoneofthemselvestochairit.

Votingatdirectors’meetings:generalrules

13.—(1)Subjecttothearticles,adecisionistakenatadirectors’meetingbyamajorityofthevotesoftheparticipatingdirectors.

(2)Subjecttothearticles,eachdirectorparticipatinginadirectors’meetinghasonevote.

(3)Subjecttothearticles,ifadirectorhasaninterestinanactualorproposedtransactionorarrangementwiththecompany—

(a)thatdirectorandthatdirector’salternatemaynotvoteonanyproposalrelatingtoit,but

(b)thisdoesnotprecludethealternatefromvotinginrelationtothattransactionor

arrangementonbehalfofanotherappointorwhodoesnothavesuchaninterest.

Chairman’scastingvoteatdirectors’meetings

14.—(1)Ifthenumbersofvotesforandagainstaproposalareequal,thechairmanorotherdirectorchairingthemeetinghasacastingvote.

(2)Butthisdoesnotapplyif,inaccordancewiththearticles,thechairmanorotherdirectorisnottobecountedasparticipatinginthedecision-makingprocessforquorumorvotingpurposes.

Alternatesvotingatdirectors’meetings

15.Adirectorwhoisalsoanalternatedirectorhasanadditionalvoteonbehalfofeach

appointorwhois—

(a)notparticipatinginadirectors’meeting,and

(b)wouldhavebeenentitledtovoteiftheywereparticipatinginit.

Conflictsofinterest

16.—(1)Ifadirectors’meeting,orpartofadirectors’meeting,isconcernedwithanactualorproposedtransactionorarrangementwiththecompanyinwhichadirectorisinterested,thatdirectorisnottobecountedasparticipatinginthatmeeting,orpartofameeting,forquorumorvotingpurposes.

(2)Butifparagraph(3)applies,adirectorwhoisinterestedinanactualorproposedtransactionorarrangementwiththecompanyistobecountedasparticipatinginadecisionatadirectors’meeting,orpartofadirectors’meeting,relatingtoitforquorumandvotingpurposes.

(3)Thisparagraphapplieswhen—

(a)thecompanybyordinaryresolutiondisappliestheprovisionofthearticleswhichwouldotherwisepreventadirectorfrombeingcountedasparticipatingin,orvotingat,adirectors’meeting;

(b)thedirector’sinterestcannotreasonablyberegardedaslikelytogiverisetoaconflictofinterest;or

(c)thedirector’sconflictofinterestarisesfromapermittedcause.

(4)Forthepurposesofthisarticle,thefollowingarepermittedcauses—

(a)aguaranteegiven,ortobegiven,byortoadirectorinrespectofanobligationincurredbyoronbehalfofthecompanyoranyofitssubsidiaries;

(b)subscription,oranagreementtosubscribe,forsharesorothersecuritiesofthecompanyoranyofitssubsidiaries,ortounderwrite,sub-underwrite,orguaranteesubscriptionforanysuchsharesorsecurities;and

(c)arrangementspursuanttowhichbenefitsaremadeavailabletoemployeesanddirectorsorformeremployeesanddirectorsofthecompanyoranyofitssubsidiarieswhichdonotprovidespecialbenefitsfordirectorsorformerdirectors.

(5)Subjecttoparagraph(6),ifaquestionarisesatameetingofdirectorsorofacommitteeofdirectorsastotherightofadirectortoparticipateinthemeeting(orpartofthemeeting)forvotingorquorumpurposes,thequestionmay,beforetheconclusionofthemeeting,bereferredtothechairmanwhoserulinginrelationtoanydirectorotherthanthechairmanistobefinalandconclusive.

(6)Ifanyquestionastotherighttoparticipateinthemeeting(orpartofthemeeting)shouldariseinrespectofthechairman,thequestionistobedecidedbyadecisionofthedirectorsatthatmeeting,forwhichpurposethechairmanisnottobecountedasparticipatinginthemeeting(orthatpartofthemeeting)forvotingorquorumpurposes.

Proposingdirectors’writtenresolutions

17.—(1)Anydirectormayproposeadirectors’writtenresolution.

(2)Thecompanysecretarymustproposeadirectors’writtenresolutionifadirectorsorequests.

(3)Adirectors’writtenresolutionisproposedbygivingnoticeoftheproposedresolutiontothedirectors.

(4)Noticeofaproposeddirectors’writtenresolutionmustindicate—

(a)theproposedresolution,and

(b)thetimebywhichitisproposedthatthedirectorsshouldadoptit.

(5)Noticeofaproposeddirectors’writtenresolutionmustbegiveninwritingtoeachdirector.

(6)Anydecisionwhichapersongivingnoticeofaproposeddirectors’writtenresolutiontakesregardingtheprocessofadoptingthatresolutionmustbetakenreasonablyingoodfaith.

Adoptionofdirectors’writtenresolutions

18.—(1)Aproposeddirectors’writtenresolutionisadoptedwhenallthedirectorswhowouldhavebeenentitledtovoteontheresolutionatadirectors’meetinghavesignedoneormorecopiesofit,providedthatthosedirectorswouldhaveformedaquorumatsuchameeting.

(2)Itisimmaterialwhetheranydirectorsignstheresolutionbeforeorafterthetimebywhichthenoticeproposedthatitshouldbeadopted.

(3)Onceadirectors’writtenresolutionhasbeenadopted,itmustbetreatedasifithadbeenadecisiontakenatadirectors’meetinginaccordancewiththearticles.

(4)Thecompanysecretarymustensurethatthecompanykeepsarecord,inwriting,ofall

directors’writtenresolutionsforatleasttenyearsfromthedateoftheiradoption.

Directors’discretiontomakefurtherrules

19.Subjecttothearticles,thedirectorsmaymakeanyrulewhichtheythinkfitabouthowtheytakedecisions,andabouthowsuchrulesaretoberecordedorcommunicatedtodirectors.

APPOINTMENTOFDIRECTORS

Methodsofappointingdirectors

20.Anypersonwhoiswillingtoactasadirector,andispermittedbylawtodoso,maybeappointedtobeadirector—

(a)byordinaryresolution,or

(b)byadecisionofthedirectors.

Retirementofdirectorsbyrotation

21.—(1)Atthefirstannualgeneralmeetingallthedirectorsmustretirefromoffice.

(2)Ateverysubsequentannualgeneralmeetinganydirectors—

(a)whohavebeenappointedbythedirectorssincethelastannualgeneralmeeting,or

(b)whowerenotappointedorreappointedatoneoftheprecedingtwoannualgeneralmeetings,mustretirefromofficeandmayofferthemselvesforreappointmentbythemembers.

Terminationofdirector’sappointment

22.Apersonceasestobeadirectorassoonas—

(a)thatpersonceasestobeadirectorbyvirtueofanyprovisionoftheCompaniesActorisprohibitedfrombeingadirectorbylaw;

(b)abankruptcyorderismadeagainstthatperson;

(c)acompositionismadewiththatperson’screditorsgenerallyinsatisfactionofthat

person’sdebts;

(d)aregisteredmedicalpractitionerwhoistreatingthatpersongivesawrittenopiniontothecompanystatingthatthatpersonhasbecomephysicallyormentallyincapableofactingasadirectorandmayremainsoformorethanthreemonths;

(e)byreasonofthatperson’smentalhealth,acourtmakesanorderwhichwhollyorpartlypreventsthatpersonfrompersonallyexercisinganypowersorrightswhichthatpersonwouldotherwisehave;

(f)notificationisreceivedbythecompanyfromthedirectorthatthedirectorisresigningfromofficeasdirector,andsuchresignationhastakeneffectinaccordancewithitsterms.

Directors’remuneration

23.—(1)Directorsmayundertakeanyservicesforthecompanythatthedirectorsdecide.

(2)Directorsareentitledtosuchremunerationasthedirectorsdetermine—

(a)fortheirservicestothecompanyasdirectors,and

(b)foranyotherservicewhichtheyundertakeforthecompany.

(3)Subjecttothearticles,adirector’sremunerationmay—

(a)takeanyform,and

(b)includeanyarrangementsinconnectionwiththepaymentofapension,allowanceorgratuity,oranydeath,sicknessordisabilitybenefits,toorinrespectofthatdirector.

(4)Unlessthedirectorsdecideotherwise,directors’remunerationaccruesfromdaytoday.

(5)Unlessthedirectorsdecideotherwise,directorsarenotaccountabletothecompanyforanyremunerationwhichtheyreceiveasdirectorsorotherofficersoremployeesofthecompany’ssubsidiariesorofanyotherbodycorporateinwhichthecompanyisinterested.

Directors’expenses

24.Thecompanymaypayanyreasonableexpenseswhichthedirectorsproperlyincurin

connectionwiththeirattendanceat—

(a)meetingsofdirectorsorcommitteesofdirectors,

(b)generalmeetings,or

(c)separatemeetingsoftheholdersofanyclassofsharesorofdebenturesofthecompany,orotherwiseinconnectionwiththeexerciseoftheirpowersandthedischargeoftheirresponsibilitiesinrelationtothecompany.

ALTERNATEDIRECTORS

Appointmentandremovalofalternates

25.—(1)Anydirector(the“appointor”)mayappointasanalternateanyotherdirector,oranyotherpersonapprovedbyresolutionofthedirectors,to—

(a)exercisethatdirector’spowers,and

(b)carryoutthatdirector’sresponsibilities,

inrelationtothetakingofdecisionsbythedirectorsintheabsenceofthealternate’sappointor.

(2)Anyappointmentorremovalofanalternatemustbeeffectedbynoticeinwritingtothecompanysignedbytheappointor,orinanyothermannerapprovedbythedirectors.

(3)Thenoticemust—

(a)identifytheproposedalternate,and

(b)inthecaseofanoticeofappointment,containastatementsignedbytheproposed

alternatethattheproposedalternateiswillingtoactasthealternateofthedirectorgivingthenotice.

Rightsandresponsibilitiesofalternatedirectors

26.—(1)Analternatedirectorhasthesamerights,inrelationtoanydirectors’meetingor

directors’writtenresolution,asthealternate’sappointor.

(2)Exceptasthearticlesspecifyotherwise,alternatedirectors—

(a)aredeemedforallpurposestobedirectors;

(b)areliablefortheirownactsandomissions;

(c)aresubjecttothesamerestrictionsastheirappointors;and

(d)arenotdeemedtobeagentsoforfortheirappointors.

(3)Apersonwhoisanalternatedirectorbutnotadirector—

(a)maybecountedasparticipatingforthepurposesofdeterminingwhetheraquorumisparticipating(butonlyifthatperson’sappointorisnotparticipating),and

(b)maysignawrittenresolution(butonlyifitisnotsignedortobesignedbythatperson’sappointor).

Noalternatemaybecountedasmorethanonedirectorforsuchpurposes.

(4)Analternatedirectorisnotentitledtoreceiveanyremunerationfromthecompanyfor

servingasanalternatedirectorexceptsuchpartofthealternate’sappointor’sremunerationastheappointormaydirectbynoticeinwritingmadetothecompany.

Terminationofalternatedirectorship

27.Analternatedirector’sappointmentasanalternateterminates—

(a)whenthealternate’sappointorrevokestheappointmentbynoticetothecompanyinwritingspecifyingwhenitistoterminate;

(b)ontheoccurrenceinrelationtothealternateofanyeventwhich,ifitoccurredinrelationtothealternate’sappointor,wouldresultintheterminationoftheappointor’sappointmentasadirector;

(c)onthedeathofthealternate’sappointor;or

(d)whenthealternate’sappointor’sappointmentasadirectorterminates,exceptthatanalternate’sappointmentasanalternatedoesnotterminatewhentheappointorretiresbyrotationatageneralmeetingandisthenre-appointedasadirectoratthesamegeneralmeeting.

PART3

DECISION-MAKINGBYMEMBERS

ORGANISATIONOFGENERALMEETINGS

Memberscancallgeneralmeetingifnotenoughdirectors

28.If—

(a)thecompanyhasfewerthantwodirectors,and

(b)thedirector(ifany)isunableorunwillingtoappointsufficientdirectorstomakeupa

quorumortocallageneralmeetingtodoso,

thentwoormoremembersmaycallageneralmeeting(orinstructthecompanysecretarytodoso)forthepurposeofappointingoneormoredirectors.

Attendanceandspeakingatgeneralmeetings

29.—(1)Apersonisabletoexercisetherighttospeakatageneralmeetingwhenthatpersonisinapositiontocommunicatetoallthoseattendingthemeeting,duringthemeeting,anyinformationoropinionswhichthatpersonhasonthebusinessofthemeeting.

(2)Apersonisabletoexercisetherighttovoteatageneralmeetingwhen—

(a)thatpersonisabletovote,duringthemeeting,onresolutionsputtothevoteatthemeeting,and

(b)thatperson’svotecanbetakenintoaccountindeterminingwhetherornotsuch

resolutionsarepassedatthesametimeasthevotesofalltheotherpersonsattendingthemeeting.

(3)Thedirectorsmaymakewhateverarrangementstheyconsiderappropriatetoenablethoseattendingageneralmeetingtoexercisetheirrightstospeakorvoteatit.

(4)Indeterminingattendanceatageneralmeeting,itisimmaterialwhetheranytwoormoremembersattendingitareinthesameplaceaseachother.

(5)Twoormorepersonswhoarenotinthesameplaceaseachotherattendageneralmeetingiftheircircumstancesaresuchthatiftheyhave(orweretohave)rightstospeakandvoteatthatmeeting,theyare(orwouldbe)abletoexercisethem.

Quorumforgeneralmeetings

30.Nobusinessotherthantheappointmentofthechairmanofthemeetingistobetransactedatageneralmeetingifthepersonsattendingitdonotconstituteaquorum.

Chairinggeneralmeetings

31.—(1)Ifthedirectorshaveappointedachairman,thechairmanshallchairgeneralmeetingsifpresentandwillingtodoso.

(2)Ifthedirectorshavenotappointedachairman,orifthechairmanisunwillingtochairthemeetingorisnotpresentwithintenminutesofthetimeatwhichameetingwasduetostart—

(a)thedirectorspresent,or

(b)(ifnodirectorsarepresent),themeeting,

mustappointadirectorormembertochairthemeeting,andtheapp