Clarifications on Board of Directors Meetings for Public Limited Companies

On 17 May 2018, the Department of Business Development ("DBD"), the Ministry of Commerce, published two clarifications on board of directors meetings for public limited companies after consultation with the Office of the Council of State:

a) the DBD clarification re: convening a board of directors meeting of a public limited company if there is no chairperson or the chairperson is unable to perform his or her duties, per section 81 of the Public Limited Companies Act, B.E. 2535 (1992) (the "Clarification on Convening a Board of Directors Meeting"); and
 

b) the DBD clarification re: holding a board of directors meeting of a public limited company if there are vacancies on the board to the extent that a quorum cannot be formed per section 83 of the Public Limited Companies Act, B.E. 2535 (1992) (the "Clarification on Holding a Board of Directors Meeting").

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