Statistics Act, 1999
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsRegulations for Accounting Standards Board11. Quorums and decisions |
| (1) | A majority of all the members of the Board constitutes a quorum for a meeting of the Board. |
| (2) | Where the number of members present is insufficient to constitute a quorum for a meeting of the Board, the Chairperson may determine that a further meeting be held at a specified time and place. The members then present constitute a quorum for such meeting, provided that a least five members are present. |
| (3) | The Board must decide the following matters by the votes of two thirds of all the members present at a Board meeting: |
| (a) | the setting of a standard in terms of section 89(1)(a) of the Act; |
| (b) | any interpretation of such a standard; and |
| (c) | the issuing of a directive or guideline in terms of section 89(1)(b) of the Act. |
| (4) | Any other matter before the Board is decided by the votes of the majority of the members present at the meeting, provided that - |
| (a) | the members present constitute a quorum for a meeting of the Board; and |
| (b) | the member presiding at the meeting must exercise a casting vote in addition to that member’s vote as a member, if there is an equality of votes. |
