Quorum and virtual participation: directors may attend board meetings via video conferencing only when quorum is physically present. The amendment permits director participation by video conferencing only when quorum exists through physical presence; narrows applicability from 'every listed company' to 'every listed public company'; and replaces the special resolution rule under section 186 to require specification of the total amount the Board is authorised to use for loans, guarantees, securities or acquisitions and mandates full particulars be disclosed in the financial statements.
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Quorum and virtual participation: directors may attend board meetings via video conferencing only when quorum is physically present.
The amendment permits director participation by video conferencing only when quorum exists through physical presence; narrows applicability from "every listed company" to "every listed public company"; and replaces the special resolution rule under section 186 to require specification of the total amount the Board is authorised to use for loans, guarantees, securities or acquisitions and mandates full particulars be disclosed in the financial statements.
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