Industry Sector definition
Examples of Industry Sector in a sentence
A Member may change its Industry Sector designation once each calendar year, by providing notice to the president at least sixty (60) days prior to the beginning of such year.
A quorum for a meeting of an Industry Sector is a majority of the Members of that Industry Sector present or voting electronically on matters before the meeting.
Any vote of an Industry Sector to elect a board member or for any other purpose may be taken by electronic means without a meeting or during a meeting.
If a quorum is present with respect to the Industry Sector, the affirmative vote of the majority of the Members within the Industry Sector present and entitled to vote, which must also be a majority of the required quorum, is the act of the Industry Sector.
The board of directors may set reasonable compensation for the service provided by Independent Directors; directors elected by an Industry Sector shall not receive compensation.