Delegation Limitations. HD Faculty™ does not permit its directors to delegate any of the following powers: |
a. |
submit to the shareholders a question or matter requiring the approval of the shareholders; |
b. |
fill a board vacancy or a committee vacancy; |
e. |
authorise a redemption of shares; |
f. |
authorise the payment of a commission on a securities issue; |
g. |
approve a management proxy circular; and |
h. |
adopt, enact, amend or appeal by-laws. |