(8) Any proposal circulated among all members of the Board and agreed to by a majority of
them shall have the same effect as a resolution passed at a duly constituted meeting of the Board
and shall be incorporated in the minutes of the next succeeding meeting of the Board:
Provided that, if a member requires that any such proposal be placed before the Board, this
subsection shall not apply to the proposal.
20 Committees of Board
(1) For the better exercise of its functions, the Board may establish committees in which it
may vest such of its functions as it thinks fit:
Provided that the vesting of a function in a committee shall not prevent the Board itself
from exercising that function, and the Board may amend or rescind any decision of the
committee in the exercise of that function.
(2) On establishing a committee, the Board may appoint to the committee persons who are
not members of the Board.
(3) The chairman of the Board or of a committee of the Board may at any reasonable time
and place convene a meeting of that committee.
(4) Subject to this section, subsections (2) to (8) of section nineteen shall apply, mutatis
mutandis, to committees and their members as they apply to the Board and its members.
21 Minutes of proceedings of Board and of committees
(1) The Board shall cause minutes of all proceedings of and decisions taken at any meeting
of the Board or of a committee of the Board to be entered in books kept for the purpose.
(2) Any minutes referred to in subsection (1) which purport to be signed by the chairman of
the meeting to which the minutes relate or by the chairman of the next following meeting of the
Board or the committee concerned, as the case may be, shall be accepted for all purposes as
prima facie proof of the proceedings of and decisions taken at that meeting.
(3) The Board shall ensure that copies of all minutes of its meetings are sent to the
Minister, for his information, without delay after they have been signed in terms of subsection
(2).
22 Remuneration and allowances of members of Board and of committees
(1) Members of the Board and of committees of the Board shall be paid—
(a) such remuneration, if any, as the Minister may from time to time fix for members of
the Board or members of committees, as the case may be, generally; and
(b) such allowances, if any, as the Minister may fix to meet any reasonable expenses
incurred by the member in connection with the business of the Board or the committee,
as the case may be.
(2) Remuneration payable to a member of the Board shall not be reduced during his tenure
of office.
23 Directions to Board
(1) The Minister may give directions of policy to the Board, and the Board shall take all
necessary steps to comply with them.
(2) Before giving the Board a direction in terms of subsection (1), the Minister shall inform
the Board, in writing, of the proposed direction and the Board shall, within thirty days or such
further period as the Minister may allow, submit to the Minister, in writing, its views on the
20
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