Section 17, The Bank of Sierra Leone Act, 2000

(1) The Governor or in his absence the Deputy Governor shall preside at every meeting of the Board. (2) The Governor shall have a deliberative vote and in the event of equality of votes he shall have a casting vote. (3) Meetings of the Board shall be called by the chairman and shall take place as often as may be required but not less frequently than once every two months in every financial year of the Bank. (4) Five members of the Board of whom one shall be the Governor or Deputy Governor shall form a quorum at any meeting; and unless otherwise provided, decisions shall be adopted by a simple majority of the votes of the members present. (5) The Board may invite such other officers and executives of the Bank to attend its meetings to assist the Board in its deliberations whenever it considers it necessary, but such persons shall not vote on any matter for decision by the Board. (6) Any three other Directors may require the Governor to convene a meeting of the Board at any time and the Governor shall convene a meeting accordingly. No. 3 Bank of Sierra Leone Act 2000 39 (7) No act or proceeding of the Board shall be invalidated merely by reason of the existence of a vacancy or vacancies among the Directors. (8) All acts done by any person acting in good faith as a Director shall be as valid as if he were a Director, notwithstanding that some defect in his appointment or qualifications be afterwards discovered. (9) The Directors of the Bank shall not be regarded or act as delegates on the Board of any statutory body or of any commercial, financial, agricultural, industrial or other interests or receive or accept directions therefrom in respect of duties to be performed under this Act. (10) A member of the Board who has an interest in any matter that is a subject for the Board to consider shall disclose to the Board the nature of his interest and shall not participate in any discussion or decision of the Board on the matter. (11) When a member fails or refuses to disclose his interest as required under subsection (10), the Board may recommend to the President his removal from the Board. [Margin: Appointments of officers and other staff.]