# Transport Act 1981, Paragraph 4


(1) Subject to any rules which may be prescribed by the Holding Company, the directors may regulate their own procedure.
(2) Unless the directors determine otherwise, the quorum necessary for the transaction of business by them is three.

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Source: https://www.legislation.gov.uk/ukpga/1981/56/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/transport-act-1981/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.