Section Sch3-1 — Companies Act 1993: Chairperson

1 Chairperson (1) The directors may elect one of their number as chairperson of the board. (2) The director elected as chairperson holds that office until he or she dies or resigns or the directors elect a chairperson in his or her place. (3) If no chairperson is elected, or if at a meeting of the board the chairperson is not present within 5 minutes after the time appointed for the commencement of the meeting, the directors present may choose one of their number to be chairperson of the meeting.