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CORPORATIONS ACT 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Division 1 - Appointment of directors  

Subdivision A - General rules    View history reference

SECTION 201H  DIRECTORS MAY APPOINT OTHER DIRECTORS (REPLACEABLE RULE - SEE SECTION 135)  

201H(1)  Appointment by other directors.  


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.

201H(2)  Proprietary company - confirmation by meeting within 2 months.  


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.

201H(3)  Public company - confirmation by next AGM.  


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.

[CCH Note: There is no section 201I.]


 



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