02-17-2017, 02:30 PM
Originally posted by My 2 cents:
Actually, legally yes. As long as the director abstains from the voting (conflict of interest).
HPP bylaws:
Article VIII Sec 11 (a) No member of the board shall vote at any board meeting on any issue in which such member has a conflict of interest. The director shall disclose the nature of the conflict of interest prior to a vote at the board meeting, and the minutes of the meeting shall record the fact that a disclosure was made.
(b) Any after-the-fact disclosure of a conflict of interest on the part of any director shall result in the nullification of any relevant vote of the director and shall be grounds for dismissal from the board."
Actually, legally yes. As long as the director abstains from the voting (conflict of interest).
HPP bylaws:
Article VIII Sec 11 (a) No member of the board shall vote at any board meeting on any issue in which such member has a conflict of interest. The director shall disclose the nature of the conflict of interest prior to a vote at the board meeting, and the minutes of the meeting shall record the fact that a disclosure was made.
(b) Any after-the-fact disclosure of a conflict of interest on the part of any director shall result in the nullification of any relevant vote of the director and shall be grounds for dismissal from the board."