Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 201H

Directors may appoint other directors (replaceable rule—see section 135)

 
Appointment by other directors
 
 
(1)
The
directors of a company may appoint a person as a director. A person can be
appointed as a director in order to make up a quorum for a directors' meeting
even if the total number of directors of the company is not enough to make up
that quorum. 
 
 
Proprietary company—confirmation by meeting
within 2 months
 
 
(2)
If a person is appointed under
this section as a director of a proprietary company, the company must confirm
the appointment by resolution within 2 months after the appointment is made.
If the appointment is not confirmed, the person ceases to be a director of the
company at the end of those 2 months. 
 
 
Public
company—confirmation by next AGM
 
 
(3)
If a
person is appointed by the other directors as a director of a public company,
the company must confirm the appointment by resolution at the company's next
AGM. If the appointment is not confirmed, the person ceases to be a director
of the company at the end of the AGM.