Paragraph 5
(1)
Subject to sub-paragraphs (2) and (3) below, no business shall be transacted at any meeting unless at least a third of the membership (the chairman being included for this purpose in the reckoning) is present.
(2)
The chairman and at least two non-officer members shall be present at a meeting of the Institute at which the chief executive is appointed.
(3)
The chairman, at least two non-officer members and the chief executive shall be present at a meeting of the Institute at which any other officer members are appointed.