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Gouache Arts Limited has three directors. The company's articles are based on the Model Articles with one amendment reading "Whenever the number of directors is one, a sole director shall have authority to exercise all the powers and discretions by the Model Articles and by these Articles expressed to be vested in the directors generally, and, in those circumstances, regulation 11 in the Model Articles shall be modified accordingly."
Indicate whether the following statement is true or false: One director is sufficient for a quorate board meeting of Gouache Arts Limited.