This is an old revision of the document!

Board Proposal 004

Summary Details


Fix the number of the directors serving on the Board to seven (7) directors.



According to the bylaws Article VII.1.1:

The Board of Directors shall consist of at least five (5) 
and no more than eleven (11) Directors. The exact number 
of directors shall be fixed, within those limits, by a 
resolution adopted by the Board.

Adoption of this resolution will fix the number of directors at seven (7) directors. The newly created vacancy will have a term of three (3) years from May 2012.