The Cashewnut Industry Act | The Cashewnut Industry Act — Tanzania law | Esheria

The Cashewnut Industry Act

Board members serve for three years from appointment and may be reappointed once; they may resign in writing to the Minister, and the Minister must fill early vacancies.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Tanzania
Instrument
Act or statute
Citation
The Cashewnut Industry Act
Version
Undated source snapshot
Language
en
Official source
View official record ↗
appointment appointment defects board governance board meetings board procedure board procedures business conduct conflict of interest disclosure corporate records corporate seals meeting procedure meeting procedures meetings office tenure quorum resignation special meetings voting rights voting rules

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Statute overview

About this statute

Board members serve for three years from appointment and may be reappointed once; they may resign in writing to the Minister, and the Minister must fill early vacancies. This section sets out how the Board must meet, who convenes meetings, how a Vice-Chairman is appointed, and how special meetings are requested and called. The Board may co-opt a person to attend Board deliberations as an expert, but that person cannot vote. Board meetings need a quorum of two thirds of all members, decisions are by simple majority of those present, each member has one vote, and the chair has a casting vote if there is a tie. A member who has a direct or indirect interest in a contract, proposed contract, or matter before the Board must disclose the nature of that interest to the other directors.