(1) Subject to any limitations in the memorandum or articles, the directors of an international business company may convene meetings of the members of the international business company at such times and in such manner and places within or outside Saint Lucia as the directors consider necessary or desirable.
(2) Subject to a provision in its memorandum or articles for a lesser percentage, upon the written request of members holding more than 50% of the votes of the outstanding voting shares in the international business company, the directors shall convene a meeting of members.
(3) Subject to any limitations in the memorandum or articles, a member shall be deemed to be present at a meeting of members if—
(a) the member participates by telephone or other electronic means; and
(b) all members participating in the meeting are able to hear each other.
(4) A member may be represented at a meeting of members by a proxy who may speak and vote on behalf of the member.
(5) The following apply in respect of a joint ownership of shares—
(a) if 2 or more persons hold shares jointly each of them may be present in person or by proxy at a meeting of members and may speak as a member;
(b) if only one of them is present in person or by proxy he or she may vote on behalf of all of them; or
(c) if 2 or more are present in person or by proxy, they must vote as one.