2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

OFFICERS

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    76.   The Company may by resolution of directors appoint officers of the Company at such times as shall be considered necessary or expedient. Such officers may consist of a Chairperson of the Board of Directors, a Vice Chairperson of the Board of Directors, a President and one or more Vice Presidents. Secretaries and Treasurers and such other officers as may be considered desirable. Any number of offices may be held by the same person.

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    77.   The officers shall perform such duties as shall be prescribed at the time of their appointment subject to any modification in such duties as may be prescribed thereafter by resolution of directors or resolution of members, but in the absence of any specific allocation of duties it shall be the responsibility of the Chairperson of the Board of Directors to preside at all meetings of directors and members, the Vice Chairperson to act in the absence of the Chairperson, the President to manage the day to day affairs of the Company, the Vice Presidents to act in order of seniority in the absence of the President but otherwise to perform such duties as may be delegated to them by the President, the Secretaries to maintain the share register, minute books and records (other than financial records) of the Company and to ensure compliance with all procedural requirements imposed on the Company by applicable law, and the Treasurer to be responsible for the financial affairs of the Company.

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    78.   The salaries of all officers shall be fixed by resolution of directors.

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    79.   The officers of the Company shall hold office until their successors are duly elected and qualified, but any officer elected or appointed by the directors may be removed at any time, with or without cause, by resolution of directors. Any vacancy occurring in any office of the Company may be filled by resolution of directors.