Protection of Businesses Act, 1978
R 385
Companies Act, 2008 (Act No. 71 of 2008)Chapter 2 : Formation, Administration and Dissolution of CompaniesPart F : Governance of companies74. Directors acting other than at meeting |
| (1) | Except to the extent that the Memorandum of Incorporation of a company provides otherwise, a decision that could be voted on at a meeting of the board of that company may instead be adopted by written consent of a majority of the directors, given in person, or by electronic communication, provided that each director has received notice of the matter to be decided. |
| (2) | A decision made in the manner contemplated in this section is of the same effect as if it had been approved by voting at a meeting. |
