Board Decisions. The Board shall manage the business and affairs of the ---------------- Company. Board issues shall be decided by the approval of a 51% majority of the votes cast by the directors present at a duly constituted meeting of the Board except that the approval of 75% of all the directors present at a duly constituted meeting of the Board shall be required for each of the issues set out below: 8.6.1 any amendment to the Company's Articles of Association; 8.6.2 any increase in the registered capital of the Company other than an increase in the registered capital resulting from an increase in the registered capital resulting from a requirement to contribute monies pursuant to article 5.
Appears in 2 contracts
Sources: Joint Venture Agreement (Pan Asia Mining Corp), Joint Venture Agreement (Pan Asia Mining Corp)