The Agricultural Inputs Trust Fund Act

A Board member must hold office for three years from the date of appointment.

The Board must meet at least four times a year, the Chairman must preside at every Board meeting, and if the Chairman is absent the members present must appoint an interim Chairman.

A Board meeting has quorum only when half of the members in office are present.

Board issues are decided by a majority of votes of members present, and the Chairman gets a casting vote if votes are equal.

The Board must keep minutes of its meetings, and the Chairman must read, amend, and sign each meeting’s minutes at the next Board meeting.

The Board’s acts and proceedings remain valid even if there is a vacancy among its members or a defect in a member’s appointment.

Board documents must be signed by the Chairman of the Board or the Executive Director of the Fund, and the Board may regulate its own proceedings.

The Board may regulate its own proceedings, subject to the provisions of this Schedule.