Board Submission Sample Clauses

Board Submission. 4.3.1 If the Chief Executive Officer and management believe following the due diligence analysis referred to in Section 4.2.3 that the Opportunity should be pursued, it will be submitted to the Board in accordance with Section 9.1.1, accompanied as therein contemplated by all necessary relevant data and information. 4.3.2 The Shareholders recognize that depending on the technology involved, the nature of the Opportunity and actual or potential competing bids, the entire assessment and evaluation process, including due diligence, Board submission and the decision as to whether or not the Corporation should invest in the Opportunity, may have to be compressed and completed within a very short time frame and that accordingly, a high degree of flexibility in the process may be advisable in the particular circumstances of a given Opportunity at the same time while respecting the necessity of thorough review and reporting at the management and Board levels in the interests of the Corporation. 4.3.3 Management shall, in as much as possible, use previously developed templates for all submissions in respect of Opportunities in order to permit the Board to evaluate subsequent Opportunities on a consistent basis.