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Milstein said in court that he was just as convinced that the rule was not properly agreed upon in the bargaining process and was simply imposed by the league as an addition to the bylaws.
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The company added that in light of the attempt by Hollinger Inc. to change the bylaws, it proposed a meeting of the full board to review corporate governance issues in addition to the poison pill provision.
Under the terms of the settlement, in addition to the $125 million fine, Freddie Mac's board is required to review and as necessary revise its bylaws and the frequency of its meetings, along with the company's codes of conduct.
Good Addition To The Portfolio?
In addition to the An.
Amendments to the bylaws must be approved by at least a majority of the shareholders.
Tells about an ame ment to the bylaws & the "special powers" it gave the president.
If individuals in authority do not know what the bylaws state or have been operating in a manner contrary to the bylaws, this may create significant legal problems.
Q My seven-member co-op board wants to change the bylaws to create a four-member board.
The key to making the bylaws adaptable to change is to make them flexible and amendable in the beginning.
In addition, he said, the bylaws can also include a provision permitting reimbursement of legal costs before a final decision in the case.
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