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CHAIRPERSON OF MEETINGS [SECTION 104]
The articles of a company may name a person or a position as chairperson of a meeting. Otherwise, the members personally present at the meeting shall elect one of themselves to be the chairperson on a show of hands.
If a poll is demanded on the election of the Chairman, it shall be taken forthwith and the Chairman elected on a show of hands shall continue to be the Chairman of the meeting until some other person is elected as Chairman as a result of the poll, and such other person shall be the Chairman for the rest of the meeting.
This is important to note, requirement of number of independent director on company board is depends upon status of chairperson as executive or non – executive. Where company want to reduce number of independent directors, article may name a person or better a position as a non – executive chairperson.
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