Forums > Blue Diamond Virtual Reit > Topic: Board meeting summary
|Aug 5th 2011, 04:50
|Board meeting summary|
|Dear investors, BDVR shareholders,
please find below the summary and decisions voten on by the BDVR board of directors during the last quarterly meeting on july 31st 2011:
* Coral Ducatillon has been excluded from the BDVR BoD by a unanimous vote due to failure to comply with the requirement of communicating with the board during the last six months.
* BDVR is as of now looking for a fifth BoD member
* Amendment to the work procedure of the BDVR board: Due to the current 4-member board a vote will pass if: a) three members are for it b) in case two members are for it then the chairman's vote will be the decider
* Kafka Frugel has been elected as the new chairman of the board for BDVR by a vote of three for and one abstaining
* New BoD election procedures were accepted by a unanimous vote. To be published in a separate thread.
* BoD responsibilities were accepted with a unanimous vote. To be published in a separate thread.
With best regards,
Blue Diamond Virtual Reit
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