Article 3 Amendments to the Act of 1854
(1)
The Act of 1854 is amended as follows.
(2)
in section 8 (number of directors and their qualification)—
(a)
on the second line after “directors) the” insert “total”;
(b)
on the third line after “and” insert “, subject to section 8A,”;
(c)
for “his” substitute “their”;
(d)
for “ten” substitute “five”.
(3)
After Section 8 (number of directors and their qualification) of the Act insert—
“8A.—For the purposes of section 8, the total number of directors must not exceed ten, but may include within the total number, the appointment, of up to two non-shareholding directors as appointed by the Company from time to time.”