Sentences with phrase «majority of board»

Independent Directors Subject to state «Blue Sky» securities regulations that generally follow the North American Securities Administrators Association (NASAA) Statement of Policy Regarding Real Estate Investment Trusts, which recommends that boards consist of a majority of independent directors and that a majority of each board committee consist of independent directors.

Division of the chapter into two chapters may be initiated by a recommendation passed by a two - thirds (2/3) majority of the board of directors.

Merger of the chapter with another chapter may be initiated by a recommendation passed by a two - thirds (2/3) majority of the board of directors of each chapter.

The majority of our Board of Directors are all family members of a person with a disability.

CID is a 60 - year - old organisation, led by people with intellectual disability — with the majority of Board Members being people with an intellectual disability.

Therefore, we are not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function.

Because we qualify as a «controlled company» under the corporate governance rules for publicly - listed companies, we are not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function.

In light of our status as a controlled company, our board of directors has determined not to have an independent nominating function and has chosen to have the full board of directors be directly responsible for nominating members of our board, and in the future we could elect not to have a majority of our board of directors be independent or not to have a compensation committee.

The option agreement provided that «the option may only be exercised with the consent of a majority of the board of directors [of Watchfinder]».

The place of effective management of a company conducting active business outside India shall be considered to be outside if majority of board of directors meetings of the company are held outside India or it its assets, employees, income, and employee expenses are from outside India.

If adopted, the proposed amendments would create an exemption for resales of shares of non-reporting issuers if, among other things, the trade is made to a person or on a market outside Canada and if at the time of the original distribution the issuer was a «foreign issuer» (essentially an entity organized under foreign laws that does not have its head office or a majority of its assets in Canada or for which Canadian residents are a majority of the board or the executive suite).

Our By - laws require that the majority of our Board members must be living with HIV.

Provision 11 of the revised Code now provides that independent non-executive directors, including the chair, should constitute the majority of the board.

Pennsylvania Youth Gain Support For Their Climate Change Petition at Environmental Quality Board Hearing, But Majority of Board Deny the Petition

He said the majority of the board and the administration are simply not accounting for this long - term risk.

Section 2: Honorary Honorary members shall be individuals who, in the opinion of the majority of the Board of Directors, have made outstanding contributions to veterinary emergency and critical patient care.

President or a majority of the Board.

The quorum for a Board meeting shall be a majority of the Board.

The quorum for a Board Meeting shall be a majority of the Board voting in person, or by postal service mail or email.

The quorum for such a meeting shall be a majority of the board.

The quorum for a Board meeting shall be a majority of the Board voting in person or by mail, FAX, E-Mail or telephone conference call.

The board shall deposit all fees received pursuant to provisions of the Veterinary Practice Act with the state treasurer for the exclusive use of the board, and money shall be expended only upon vouchers certified by a majority of the board.

A quorum for a meeting shall be a majority of the Board.

The quorum for such a meeting shall be a majority of the Board.

If a majority of the Board does not consider that the actions alleged in the charges, if proved, might constitute conduct prejudicial to the best interest of the Club or the breed, a hearing shall not be ordered.

If a majority of the Board does not consider that the actions alleged in the charges, if proved, might constitute conduct prejudicial to the best interests of the Club or the breed, a hearing shall not be ordered, and the deposit shall be returned.

If a majority of the Board considers that the charges, if proved, might constitute conduct prejudicial to the best interests of the Club or the Breed, the Board shall order a hearing committee of not less than three and not more than nine members of the Club having no direct personal involvement in the issues to be heard, and shall fix a date and time for such hearing at a place within the region where the defendant resides.

If a majority of the Board considers that the charges allege such conduct, the Board shall order a hearing and shall appoint a hearing committee of not less than three and not more than nine members of the Club having no direct personal involvement in the issues to be heard, and shall fix a date and time for such hearing at a place within the region where the defendant resides.

The majority of the board members felt that this is important for us as a national breed club to be more proactive in funding research that would benefit the Great Dane.

All material amendments must be approved by a majority of the Board of Trustees of the Trust and a majority of the Rule 12b - 1 Trustees by votes cast in person at a meeting called for the purpose of voting on the Plans.

Any agreement related to a Plan will be in writing and provide that: (a) it may be terminated by the Trust or the Funds at any time upon sixty days written notice, without the payment of any penalty, by vote of a majority of the respective Rule 12b - 1 Trustees, or by vote of a majority of the outstanding voting securities of the Trust or the Funds; (b) it will automatically terminate in the event of its assignment (as defined in the 1940 Act); and (c) it will continue in effect for a period of more than one year from the date of its execution or adoption only so long as such continuance is specifically approved at least annually by a majority of the Board and a majority of the Rule 12b - 1 Trustees by votes cast in person at a meeting called for the purpose of voting on such agreement.

Control of the majority of a company's stock typically allows the holder to elect the majority of the board of directors.

In any case, last year at the end of May the old management, including both the operating management and a majority of the Board of Directors, stepped down or was replaced.

Our CEO and Chairman, our President and COO, and the majority of our Board of Directors are black.

Target has ceded the issue to its shareholders, and asserted that because the change has been approved by a majority of the board of directors, it now only needs the affirmative vote of the majority of the outstanding shares of Target common stock voting at a meeting where the quorum requirement is met.

According to rate projections from the Fed's June board meeting, a majority of board members believe that the target federal funds rate will increase from the current 0 to 0.25 percent level in 2015.

The tender offer is conditioned upon, among other things, the BVF nominees being elected or appointed to the Avigen Board of Directors so that they would constitute a majority of the Board.

Mountain View Whisman School District trustee Ellen Wheeler, who attended Saturday's summit, said the majority of her board is «interested in looking into a K - 8 charter.»

«In fact, based on my initial discussions with my colleagues, I doubt any of the consultant's proposals could garner a majority of the Board's support, at least as they are.»

Often, the Ministry will appoint a temporary «limited statutory manager» to take over the majority of the board's duties until the school has sufficiently improved.

No schools will close as a result of Richmond Public Schools operational budget shortfall, a majority of board members decided in a surprise vote late Monday night.

LeCesne said he wanted to avoid a quorum, or a majority of the board, to ensure it followed the law, not because he wanted to evade the public.

Without proposing any specific cuts to free up money for a much - needed teacher raise, a majority of the board appears ready to ask taxpayers to foot the bill (trustees Phillips and Panas have expressed clear reservations about this approach).

We looked deeper at our data to determine whether a majority of board members serving together defined accountability in the same way.

Baraka won re-election despite a last - minute campaign against her after she voted with a majority of board members to suspend rather than fire Principal Carmen Perez Dickson for dragging kindergartners down the hallway at Tisdale School.

Cobey says at least a majority of the board members for public charters should be North Carolina residents, but he argued that some expertise could be provided by residents of other states with charter schools.

Former Montgomery County Board of Education President Patricia O'Neill says she still doesn't «totally know» why a majority of board members decided last year to oust former Superintendent Joshua Starr, whom she supported.

Boasberg is on a six - month sabbatical, but when he returns in the summer of 2016, he is likely to enjoy support from a majority of the board for quite a few years.

«I raised millions, defeated the union candidates, and we won a majority of the board,» the mayor recalled.

The majority of the Board was removed in July.