98. (a) The chairman of the board of directors may
convene the board of directors at any time.
(b) The board of
directors shall hold a meeting regarding a specified matter, on the demand of
any one of the following:
(1) two directors, and in
a company in which the board of directors numbers up to five directors, one
(2) one director, if a provision as aforesaid is
laid down in the articles of association of the company, or if the provisions of
section 257 are fulfilled.
(c) The chairman
of the board of directors shall convene the board of directors in
accordance with a demand as provided in subsection (b) or if the
provisions of section 122(d) are fulfilled, relating to a notice or
report by the general manager or relating to a notice by the company’s
auditor pursuant to section 169.
(d) Where a meeting of
the board of directors is not convened within fourteen days of the date of
demand as provided in subsection (b), or of the date of notice or report of the
general manager in respect which the provisions of section 122(d) are fulfilled,
or of the date of notice by the auditor pursuant to section 169, each of the
persons enumerated in subsections (b) and (c) may convene a meeting of the board
of directors to discuss the matter specified in the demand, notice or report, as
the case may be, unless the articles of association contain any other provision
relating to the date of convening the meeting.