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Re: SJOGRINGO post# 213531

Thursday, 02/10/2011 1:38:38 PM

Thursday, February 10, 2011 1:38:38 PM

Post# of 375420
SJO, you raise some interesting questions. However, I believe question #4 may be answered in this manner: most corporations have in their bylaws instructions for filling vacant BOD seats, and it is usually by appointment. Appointed directors serve until the next shareholders' meeting when they have to stand for election. Since we never have shareholders' meetings, this seems to be a lifetime appointment. Shareholders never vote to approve CEO; that is the domain of the BOD in virtually all corporations! All of this is IMO!

Just my humble opinion