7.15 A resolution in writing, signed by such Directors constituting a quorum and present in

Singapore, shall be valid and effectual as if it had been passed at a meeting of the Board

duly convened and held.

7.16 A member of the Board of Directors having a personal interest, or intended interest in

the profits of any contract made or intended to be made, or the making of which is

under consideration, shall forthwith declare the same, withdraw from all further

discussion in respect thereof, exercise no vote in regard thereto, and be denied all

information in respect thereof to which he would otherwise have been entitled as a

member of the Board.

7.17 An interest of a member of the Director's family shall be treated as an interest of the

Directors. The spouse and children under twenty-one years of age, including step- .

children and adopted children, shall be deemed to be members of the family.

7.18 A full and correct record shall be kept of all proceedings of the Board of Directors in

carrying out their duties, and the records shall be available for inspection by the

Registrar and by the external auditor.

7.19 The services of all members of the Board of Directors shall be gratuitous. A member of

the Board of Directors may receive an honorarium or, if he is an Honorary Secretary or

Treasurer, an allowance from the Society, provided .that the payment of an honorarium

or allowance has to be authorised by a resolution to that effect passed by a general

meeting of the Society, and the amount of the honorarium and allowance shall not

exceed a sum to be fixed from, time to time by the Registrar. An Honorary Secretary

or Treasurer who is in receipt of an allowance shall not be entitled to receive an

honorarium as a member of the Board.

8.

OFFICERS OF THE SOCIETY

8.1

The Chairman, Vice-Chairman, Secretary and Treasurer of the Board of Directors shall

be the Chairman, Vice-Chairman, Secretary and Treasurer of the Society respectively.

8.2.1 The duties of the Chairman shall include the following:

(a) to preside at all meetings of the Board of Directors and, if necessary, at the general

meetings of the Society; .

(b) to exercise general supervision over the officers and employees of the Society;

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