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Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) adopted a majority voting policy for election of directors, which will allow the shareholders of the Company to vote in favour of or to withhold from voting for each director nominee separately. Orbite Aluminae also announced changes to its Board of Directors.
As quoted in the press release:
Orbite’s Board of directors recently adopted a majority voting policy pursuant to which, the proxy forms for the election of directors will permit the shareholders of the Corporation to vote in favour of or to withhold from voting for each director nominee separately. The Chair of the Board will ensure that the number of votes, in favour of and withheld from voting, for each director nominee is recorded and made public at the Annual General Meeting, and promptly press released thereafter.
The Corporation announces that, subsequent to their decisions not to stand for re-election at the next Annual General Meeting of shareholders, which resulted in the appointments of Mr. Peter Crossgrove, Mr. Pascal Decary and Mr. Claude Lamoureux to the Board of Directors, as announced on May 21, 2013, and consequent of a decision to maintain the size of its Board at nine members, Mr. Toby Gilsig, Mr. Charles Chevrette and Mr. Michael Hanley have resigned from the Board of Directors.
Click here to read the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) press release
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