Alqanoni

Chambers of Commerce Law

Art. 23
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Board deliberations shall be confidential. 2. Board decisions shall pass by a majority vote of attending members. In case of a tie, the meeting chairman shall have the casting vote. 3. Without prejudice to Article 14 of this Law, decisions shall be voted on by open ballot, the manner of which shall be determined by the board. 4. The board of directors may invite any person it deems necessary to its meetings; such person shall attend in a non-voting capacity. 5. Meetings and voting on decisions may be carried out through electronic means; in the event of unanimous agreement, decisions may be passed by circulation. The Regulations shall determine the necessary rules.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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