1. The board of directors shall meet at least four [4] times a year at a call by the chairman, unless the AOA of the Company provides for more meetings, in accordance with the procedures specified in the AOA. However, the chairman shall call the board of directors to upon the request of at least two directors, unless the AOA of the Company provides otherwise. 2. Meetings of the board of directors shall be held at the headquarters of the Company, unless the board resolves otherwise. Board meetings shall be valid only if all the Directors are called to the meeting and the majority of the Directors are present in person, unless the AOA of the Company permits attendance through means of modern technology approved by the SCA.
Interpretation and application must be checked against the official text and current version.