Items of Business.
No item of business will be in order or may be acted upon at an annual meeting unless the RChain Board has included it on the ballot for the meeting. A member or group of members may submit an item of business for consideration or voting by the members at a meeting only if:
(a) written notice describing the item in reasonable detail and bearing the signatures of at least ten percent (10%) of the membership is submitted to the RChain Board no later than two weeks prior to such annual meeting, and;
(b) no less than thirty-three percent (33%) of the Directors then in office concur in writing that the proposed item of business is an appropriate matter for members to consider or act upon and should be included on the ballot that accompanies the annual meeting notice. Any member whose proposed item of business is so approved for inclusion on the annual meeting ballot may also submit a concise statement (not to exceed 250 words) in favor of the proposal. Directors may supply different text in support of and against the measure than the submitted statement.
Subject to any modifications that may be considered appropriate by a majority of the Directors who concurred in placing the proposal on the ballot, this statement will be included in the meeting notice. The non-concurring Directors may also include any opposing or additional statement relating to the proposal that they may consider appropriate. Submission of any matter to consideration or voting by the members will not diminish or override the ultimate authority of the RChain Board to manage RChain’s affairs, except to the extent otherwise required by the Governing Statute.
(a) written notice describing the item in reasonable detail and bearing the signatures of at least ten percent (10%) of the membership is submitted to the RChain Board no later than two weeks prior to such annual meeting, and;
(b) no less than thirty-three percent (33%) of the Directors then in office concur in writing that the proposed item of business is an appropriate matter for members to consider or act upon and should be included on the ballot that accompanies the annual meeting notice. Any member whose proposed item of business is so approved for inclusion on the annual meeting ballot may also submit a concise statement (not to exceed 250 words) in favor of the proposal. Directors may supply different text in support of and against the measure than the submitted statement.
Subject to any modifications that may be considered appropriate by a majority of the Directors who concurred in placing the proposal on the ballot, this statement will be included in the meeting notice. The non-concurring Directors may also include any opposing or additional statement relating to the proposal that they may consider appropriate. Submission of any matter to consideration or voting by the members will not diminish or override the ultimate authority of the RChain Board to manage RChain’s affairs, except to the extent otherwise required by the Governing Statute.