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Posts: 2,802 | Thanked: 4,491 times | Joined on Nov 2007
#64
In light of recent events, there's this little bit which I didn't pay attention to before but could become significant now:

Any vacancy may be filled by a successor chosen by a majority of the remaining Directors, who shall hold office for the unexpired term in respect of which such vacancy occurred.
Could you elaborate on the intent behind this? At first sight it looks like a loophole for inserting unelected directors via the back door, but perhaps I'm misreading it.
 

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