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Alternate directors
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165. (1) Any director (the “appointer”) of a company may from time to time appoint any other director of it or, with the approval of a majority of its directors, any other person to be an alternate director (the “appointee”) as respects him or her.
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(2) Only one person may stand appointed at a particular time to be an alternate director as respects a particular director.
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(3) The appointee, while he or she holds office as an alternate director, shall be entitled—
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(a) to notice of meetings of the directors of the company,
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(b) to attend at such meetings as a director, and
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(c) in place of the appointer, to vote at such meetings as a director,
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but shall not be entitled to be remunerated otherwise than out of the remuneration of the appointer.
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(4) Any appointment under this section shall be effected by notice in writing given by the appointer to the company.
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(5) Any appointment so made may be revoked at any time by the appointer or by a majority of the other directors or by the company in general meeting.
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(6) Revocation of such an appointment by the appointer shall be effected by notice in writing given by the appointer to the company.
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