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(1)
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The Board of
Directors shall be comprised of 9 members who shall be elected as follows:
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(a)
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The first
five members according to the proportion of their shareholding in the capital
of the corporation. If more than five members are equal in their shareholding
proportions, the General Body shall elect the required number from amongst
them.
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(b)
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Four members
shall be elected by the General Body from the other members on an alternate
basis for an unrenewable period of two years.
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(2)
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The Board of
Directors shall elect from amongst its members a chairman and a
vice-chairman. The term of their office shall be determined by the
regulations governing executive authority.
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(3)
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The Board of
Directors shall hold its meetings in accordance with the provisions of the regulations
governing executive authority.
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(4)
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The meetings
of the Board of Directors shall be held at the Head Office of the corporation
or at any of its branches unless an invitation has been extended by a member
state.
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(5)
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The meeting
shall have the requisite quorum if a minimum of seven of its members are
present. If there is no quorum, the Board of Directors shall meet after 2
weeks from the date appointed for the original meeting. If again the quorum
could not be maintained, the General Manager shall call an extraordinary
General Body Meeting after a month from the date appointed for the meeting of
the Board of Directors. The General Body Meeting shall undertake the
functions of the Board of Directors at such meetings.
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(6)
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Each member
shall have one vote.
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(7)
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The General
Manager shall attend the meeting of the Board of Directors but he shall not
be entitled to vote.
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(8)
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An open
meeting of the Board of Directors will be attended, as observers, by a
representative of the League of Arab States, the Arab Union for
Telecommunications, the Arab States Broadcasting Union and the Arab
Organization for Education, Culture and Science.
The Board of
Directors shall have the right to invite whom it deems fit to attend its
meeting.
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