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We will continue the discussion around the number and type of Directors.<br>
<br>
Currently, I believe, we agree that <br>
<br>
1. The number of directors is equal to the number of Promoter companies plus 2<br>
2. Each company appoints one person as a director<br>
3. The 2 additional Director positions will be elected<br>
<br>
Issues related to #3 are:<br>
<br>
a. Election details:<br>
i. Who is eligible to be one of these directors and will they be a "member" ?<br>
ii. Who is eligible to vote on those 2 seats ?<br>
b. Do the 2 additional Directors have a vote or are they simply advisory ?<br>
c. How we protect an organization's IP if they have an employee in one of these seats
<br>
( I spoke with our counsel John Mitchell about this one )<br>
<br>
The next logical discussions are:<br>
- Definition, Clarification and Election of officers<br>
- Chair, Vice-Chair, Secretary, Treasurer<br>
- Term limits for those officers<br>
- Term limits for Directors, appointed and elected<br>
<br>
Meeting information below ... talk to you tomorrow !<br>
<br>
<br>
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