Section 94, Cap. 287

The Chairman or the person for the time being appointed to act asalternate Director in his place shall preside at all meetings of the Directors, but if at any meeting neither the Chairman nor the person for the time being acting as his alternate Director is present within fifteen minutes from the time appointed for holding the same the Directors present may choose one of their number, who has been appointed to his office by the holder or holders of the "A" Shares, to be Chairman of the meeting.