Examples of Abstained Directors in a sentence
The Directors (including the independent non-executive Directors but excluding the Abstained Directors) consider that the entering into of the Agreements are in the ordinary and usual course of business of the Company, and the terms of the Agreements are on normal commercial terms, fair and reasonable and are in the interests of the Company and the Shareholders as a whole.
Of the Directors attending the board meeting, the Abstained Directors were considered to have material interest by virtue of being employed by China Energy, and thus abstained from voting on the board resolution(s) in respect of the New Mutual Supplies and Services Agreement and the proposed annual caps thereto.
Of the Directors attending the board meetings, the Abstained Directors were considered to have material interests by virtue of being employed by Shenhua Group Co, and had thus abstained from voting on the board resolutions in respect of the continuing connected transactions.
PASSED AND ADOPTED on March 16, 2010, by the Board of Directors of the Marina Coast Water District by the following roll call vote:Ayes: Directors Noes: Directors Absent: Directors Abstained: Directors Kenneth K.
Of the Directors attending the board meeting, the Abstained Directors were considered to have material interests by virtue of being employed by Shenhua Group Co, and had thus abstained from voting on the board resolution(s) in respect of the Mutual Supplies and Services Agreement and the proposed annual caps thereto.
This resolution of the General Meeting must be adopted by a simple majority of votes of the shareholders present.
Accordingly, the Abstained Directors have abstained from voting on the Board resolution(s) to approve the entering into of the Agreements.
The Abstained Directors abstained from voting on the Board resolution in relation to the Transfer and the related transactions (including the issue of the Convertible Bonds), and were absent from the relevant Board meeting of the Company during the time the relevant resolution was being discussed and voted on by the other Directors.
Of the Directors attending the board meetings, the Abstained Directors were considered to have material interests by virtue of being employed by China Energy, and had thus abstained from voting on the resolutions in relation to the entering into the Shenhua Finance Capital Increase Agreement, rescission of the Existing Financial Services Agreement and entering into New Financial Services Agreement.
Of the Directors attending the board meetings, the Abstained Directors were considered to have material interests by virtue of being employed by China Energy, and had thus abstained from voting on the resolutions in relation to the entering into of Financial Services Agreement.