Article 13

Meetings of Board of Directors

The Board of Directors holds it periodical meetings upon the request of its Chairman. There should be a minimum number of six sessions per year. The Chairman attaches, with his call for a meeting, a list of all topics to be discussed during the Board’s meeting. The Chairman may call for a special meeting for the discussions of one particular issue of several issues. During special meetings, only subjects of concern, included in the call for meeting, are discussed. The Chairman should call for a meeting when one third of the Board members requested that in writing. The meeting will be held within thirty days of submitting the request. Board members should indicate in their request items to be discussed by the Board. In such meeting, only issues included in the call would be addressed.