View Single Post
Community Council | Posts: 4,920 | Thanked: 12,867 times | Joined on May 2012 @ Southerrn Finland
#21
I am a bit worried about the part "V. Meetings" as it does not in any way specify the type and place of the meetings, meaning if the meeting of the Board is to be physical or virtual.
If it is meant to be held as a physical meeting in some physical location, then there sure will be problems with the following clause;

The Board shall conduct meetings at least as often as once every three months. Any Director may call for a special board meeting, and if seconded, such special meeting shall be conducted with four (4) weeks written notice unless a shorter notice period is previously unanimously agreed between the Directors. More than 50% of the Directors need to be present (“Quorum”) at a meeting to make legally binding decisions.
I guess this will restrict the type of people that can be elected to the Board, as not everyone has the means (whether it be financical, political, etc. reasons) to attend meetings on the other side of the globe four times per year.
 

The Following 4 Users Say Thank You to juiceme For This Useful Post: