Article 38
If Board members fail without good cause to attend three consecutive meetings or six meetings in any one year, they may be deemed to have resigned.
In the event of the death, resignation or dismissal of Board members or in case their office becomes vacant for any other reason, they shall be replaced by members who obtained the highest number of votes, after the members of the Board of Directors, at the elections held to select the Board of Directors members.
The substitute shall complete the remaining term of his/here predecessor.
Where the member to be substituted had been elected unopposed, the Board of Directors may continue performing its functions to the end of its term without the appointment of a substitute. However, where the number of offices becoming vacant for the reasons referred to above has exceeded one-third of the Board members, then the matter shall be referred to the General Assembly at an extraordinary meeting to elect a successor for the member or members whose offices have been vacated.
Article 39
The Board of Directors shall be dissolved if at least two-thirds of its members have resigned en masse or if the remaining number of members have for any reason become less than one half.
In both cases, the matter shall be referred to the General Assembly at an extraordinary meeting for the election of a new Board whose term of office shall complete that of its predecessor.
The Ministry of Labour and Social Affairs will take the necessary action to convene the General Assembly within a month from the date of the dissolution of the Board.
Article 40
The Board of Directors shall maintain at the premises of the Society the following registers and books:
- A register of the members indicating in particular each member’s name, surname, nationality, occupation, date of birth, date of admission as member and his Population Registration Card number.
- A register in which the minutes of the Board of Directors meetings shall be recorded. Such minutes shall be signed by the Chairman, the Secretary and all those members present.
- A register in which shall be recorded the minutes of the General Assembly meetings.
- A book for the revenues and expenditures.
- A book for the Society’s bank account.
- A book for imprest funds.
- A book for keeping subscriptions.
- A register for all real estate, movables and any other property permanently owned by the Society. A brief description of each such item shall be given, including the purchase value and date, location and the name, capacity and address of the person holding such property in his charge. Any change to the status of such items shall also be entered.
The Board of Directors, if required, may request additional information.
The Board of Directors may also establish other registers and books that are required for the smooth running of functions.