(1) The minutes of every meeting of the Board together with the names of the Directors present shall be recorded and compiled by the Secretary in an appropriate manner, subject to the approval of the Managing Director and Chairman, a copy being communicated to each Director and to Government. Such minutes shall be confirmed at the next meeting and signed by the Chairman at that meeting. The minute’s book shall be open to inspection by any Director during office hours.
(2) The Chairman shall have the powers to correct any obvious errors and make verbal alterations in the minutes of the meeting, provided that such corrections or alterations do not change the sense of the decision taken at the meeting and are made prior to the confirmation of the same at the next meeting.