Corporate Governance in the United Kingdom

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Ferreyra, A., Jahan, S., Keuleers, P., Mabsout, R., Mason, J., Mukhopadhyay, P., Ohiorhenuan, L., Selim, N., Tamesis, P. and Taylor, N. 2006. An incumbent Director who fails to receive a majority of the votes cast in an election that is not a Contested Election (as defined below) and who has tendered his or her resignation pursuant to the Bylaws shall remain active and engaged in Board activities while the Nominating/Corporate Governance Committee and the Board decide whether to accept or reject such resignation, or whether other action should be taken; provided, however, it is expected that such incumbent Director shall not participate in any proceedings by the Nominating/Corporate Governance Committee or the Board regarding whether to accept or reject such Director's resignation, or whether to take other action with respect to such Director.

Pages: 644

Publisher: Global Governance Services Ltd (August 23, 2013)

ISBN: 0956587925

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