Corporate Governance · glossary
The board's permission for a director to stay in a situation that could pull against the company. It is given at a meeting where she neither counts in the quorum nor votes (section 175). Its conditions can withhold named papers and suspend the investor's information rights on the same subjects. Charter §8.3 · Charter §8.4 · Chapter 5
Explained in Chapter 5, The Investor Director, of Corporate Governance.
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