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Dollars1

03/01/15 9:47 PM

#290599 RE: 955 #290597

My point was stockholders may submit recommendations. This was updated July 2014.

Always wondering

03/01/15 11:00 PM

#290607 RE: 955 #290597

I just assumed the gag order covered everyone as a whole, including employees, CEO and BOD along with any type of lobbying. The "cone of silence".

mrfence

03/02/15 12:41 AM

#290618 RE: 955 #290597

Watt R they smoking???

Section 4.20 of the corporation’s Bylaws During Conservatorship, these recommendations are subject to FHFA’s discretion as Conservator of Fannie Mae. The Chair of the Nominating and Corporate Governance Committee formally invites new director candidates to stand for election to the Board."



955

03/02/15 3:59 AM

#290621 RE: 955 #290597

Just to be fair, "End result, BOD's are under tight control by Gov and banks, neither of whom favor F&F release from conservatorship", should be reworded as follows, "A hypothetical end result, BOD's are under tight control by Gov and banks, neither of whom favor F&F release from conservatorship".


Couple items of note. Several BOD members are Gov appointed. Several have held executive positions with major banks. FHFA holds authority over final approval of any additions to the board. End result, BOD's are under tight control by Gov and banks, neither of whom favor F&F release from conservatorship.


Quote:
955, "Stockholders may submit written recommendations for candidates directly to the Chair of the Nominating and Corporate Governance Committee in care of the Office of the Secretary of the corporation, and these recommendations should include the information set forth in Section 4.20 of the corporation’s Bylaws. During Conservatorship, these recommendations are subject to FHFA’s discretion as Conservator of Fannie Mae. The Chair of the Nominating and Corporate Governance Committee formally invites new director candidates to stand for election to the Board."