(b) A meeting of the Board shall be duly convened only if attended by at least three Board members. (c) Decisions of the Board shall be by a majority of votes of members present and voting and, in the event of equal votes, the side that the Chairman has voted for shall prevail over the other side. (d) The Board shall appoint a secretary who shall prepare its agenda, record minutes of the meetings, maintain all papers and documents of the Board, and carry out any tasks assigned to him by the Board. (e) The Board may invite the General Director or any other Person to attend any meeting of the Board where it considers it necessary to do so, but that Person shall not vote on any matter before the Board and shall not count for the purposes of forming a quorum. ARTICLE 7 CONFLICT OF INTERESTS (a) No Board member shall have a direct or indirect equity or other financial interest in a Licensee. (b) Where a Board member has a personal interest, directly or indirectly, in any matter to be considered by the Board or any other financial interest that may conflict with the requirements of his position as a Board member, the Board member shall, as soon as he becomes aware that the matter is to be considered by the Board, disclose his interest in writing to the Board. (c) In the case provided for in the preceding subparagraph, the Board member shall not take part in the consideration of the matter, and he shall not vote on the matter. The disclosure shall be recorded in the minutes of the Board meeting. CHAPTER 4 THE GENERAL DIRECTOR ARTICLE 8 APPOINTMENT AND VACANCY OF OFFICE The General Director shall be appointed by a decree based on the proposal by the Council of Ministers upon the recommendation of the Board for a period of three years, and his term of office may be renewed only once for another similar period. In the event of the office of the General Director becomes vacant upon the expiry of the term of office, resignation, dismissal or death of the General Director, a replacement shall be appointed by virtue of the same instrument as indicated and in the same manner. -15Translation dated 12 April 2009 This is an unofficial translation of the Law. It is provided for information purposes only. Reliance may only be placed upon the official Arabic version of the Law published in the Official Gazette of the Kingdom of Bahrain. Any comments on this translation will be gratefully received by the Authority. Please email any comments to: contact@tra.org.bh