(h)
The Forum councillors must disclose actual or perceived material conflicts of
interests that a Forum councillor, and any related party, may have in any matter
concerning the Forum or a related body corporate. The disclosure of a conflict of
interest must be recorded in the minutes of the meeting. The Forum councillors
may make regulators in relation to the disclosure of interests and management of
conflicts, and any regulations made under this constitution bind all Forum
councillors.
14.5 Powers and duties of Forum councillors
(a)
The Forum councillors are responsible for managing the Forum’s business and
affairs and may exercise to the exclusion of the Forum in general meeting all the
Forum’s powers which are not required, by the Act or by this constitution, to be
exercised by the Forum in general meeting.
(b)
Without limiting the generality of rule 14.5(a), the Forum councillors may exercise
all of the powers of the company to :
(1) borrow or otherwise raise money;
(2) charge any property or business of the Forum;
(3) issue debentures or give any other security for a debt, liability or obligation of
the Forum or of any other person; and
(4) appoint an attorney.
(c)
The Forum councillors may decide how cheques, promissory notes, bankers drafts,
bills of exchange or other negotiable instruments must be signed, drawn, accepted,
endorsed or otherwise executed (as applicable) by or on behalf of the Forum.
(d)
The Forum councillors may pay out of the Forum’s funds all expenses of the
promotion, formation and registration of the Forum and the vesting in it of the
assets acquired by it.
(e)
The Forum councillors may:
(1) appoint or employ a person to be an officer, agent
(2) or attorney of the Forum for the purposes, with the powers, discretions and
duties (including powers, discretions and duties vested in or exercisable by
the Forum councillors), for the period and on the conditions they think fit;
(3) authorise an officer, agent or attorney to delegate all or any of the powers,
discretions and duties vested in the officer, agent or attorney; and
(4) subject to any contract between the Forum and the relevant officer, agent or
attorney, remove or dismiss any officer, agent or attorney at any time, with or
without cause.
(f)
A power of attorney may contain any provisions for the protection and convenience
of the attorney or persons dealing with the attorney that the Forum councillors think
fit.
14.6 Proceedings of Forum councillors
(a)
The Forum councillors may meet together and adjourn and otherwise regulate their
meetings as they think fit.
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