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2015-07: Closure of Board Nominations

Whereas the use of proxies requires that proxy holders receive instructions from those they represent as to the manner in which they are to vote,

And whereas the last-minute nomination of candidates for election to the board of directors inherently precludes proxy holders from seeking such directions,

Be it resolved that a new Article 28.1 be inserted into the bylaws as follows, and the remaining sections of Article 28 renumbered accordingly:

Nominations for the election of Directors shall ordinarily be closed at 5pm local time the day prior to the election of Directors, except that:

a) in the event that there are no candidates for a particular position as of 5pm local time the day prior to the election of Directors, nominations for that position shall remain open until the time of the election of that position; and,

b) in the event that a candidate nominated for election is unsuccessful in the election for his or her position on the board, he or she may be re-nominated from the floor for another position on the board.