CHAPTER 6 \\ BOARD OF DIRECTORS
Article 21. Each and every of the Society's directors shall be a person whose domicile is in Thailand or a person who has employment contract to work in Thailand with the remaining term of not less than 2 years from the date being appointed as a director.
Article 22. The General Meeting shall elect 1 Fellow member as a President of the Society. Those who apply or are nominated to be elected as the President of the Association shall be recommended by 2 Fellow members or Associate members. The candidates nominated for Presidency must be present at the General Meeting or if they are absent a letter consenting to perform such duty, in case of being elected is required.
Article 23. The Board of Directors of the Society shall consist of not less than 8 persons selected by the President of the Society and appointed from Fellow members, Associate members or Ordinary members. From 2016 onwards no more than 3 directors can come from Ordinary members.
Article 24. The President of the Society shall appoint executive officers from among the Board of Directors comprising of 1 Vice-President, 1 Secretary, 1 Treasurer and other positions as the President deems appropriate.
Article 25. If the office of President of the Society is vacated before the election scheduled, the Vice-President shall fill the role of the President. If the office of Director is vacated and the number of remaining directors is less than 8 persons, the President of Society shall select and appoint a director from the members under the condition set forth in Article 24. Such selected President or Director shall retain office only during such time as the person vacating the position was entitled to retain the same.
Article 26. It is the power of the Board of Directors to consider and appoint Advisors who are suitable for the position in any number deemed appropriate. Resolutions of the Board of Directors in appointing the Society's Advisors shall require the votes of two third of the number of then remaining number of directors. The Advisors of the Society are not entitled to vote and their office term shall be the same duration as the Board of Directors appointing them.
Article 27. The Board of Directors has authority and duty to undertake activities in compliance with the objectives of the Society and is also empowered to issue regulations of the Society.
Article 28. The office term of the Board of Directors is 2 years beginning on April 1.
Article 29. The President of the Society has powers and duties to undertake activities in compliance with this Articles of Association, regulations and resolutions of the Board of Directors and is also empowered to supervise the Society's officers. The President of the Society has duty to appoint, dismiss, compensate, reward for a long service and punish the Society'.
Article 30. In the Board of Directors meeting of the Society, the quorum shall consist of not less than one half of the directors present at the meeting. The resolutions must be adopted by the majority votes, unless otherwise prescribed. In case of equality of votes, the chairperson presiding over the meeting is entitled to a second vote as a casting vote.
Article 31. The Board of Directors meeting can be held by Electronic mail (e-mail). Voting shall be conducted by return e-mail as the evidence. Article 30 shall apply mutatis mutandis to counting of votes.
Article 32. It is the Board of Directors' authority to consider and appoint suitable persons to be chairperson and members of subcommittees to study, research or perform the works in any certain field or several fields or investigate in respect of member's ethics, professional standards and code of professional conduct in performing actuarial works and propose the opinion to the Board of Directors of the Society for its consideration.
In addition, the number of each subcommittee's members shall be as the Board of Directors deems appropriate and their office term shall be the same duration as the Board of Directors appointing them.