Hi Joe,
At 07:55 AM 09-04-2019, Joseph Lorenzo Hall wrote:
(One of the document authors here)
Yes, regular business is 2/3 of directors needed and removal is the
total number minus two. In normal business the LLC board will have
5, 6, or 7 members (if the board decides to appoint what are called
"LLC-appointed Directors", see Section 6.2). This means that 4, 4,
or 5 votes (respectively) will be required to pass normal votes and
for Nomcom-appointed Director removal (there are only three of
these) the votes would be 3, 4, and 5. Part of the rationale here
was that a Director facing removal via this process will probably
vote against removal and only needs to find one other voting member
to defeat a higher threshold... in these cases you'd need three
people against removal to accomplish that. best, Joe
Thank you for explaining the intent. There is a way to disable Section 6.7.
Regards,
S. Moonesamy
