Size of Board. The Company's Bylaws provides that the number of Directors shall be fixed from time to time by the Board of Directors, but in no event shall be less than the minimum required by law. The Board should be large enough to maintain the Company’s required expertise but not too large to function efficiently. At this time, the Board of Directors believes that the optimal number of Board members is five (5), while recognizing and allowing however, for changing circumstances that may warrant a higher or lower number from time to time.
Appears in 4 contracts
Samples: Consulting Agreement (RenovaCare, Inc.), Executive Services Consulting Agreement (RenovaCare, Inc.), Consulting Agreement (RenovaCare, Inc.)
