E.3.4
Does the company require a minimum quorum of at least 2/3 for board decisions?
Response
YES. On May 14, 2015 the Board of Directors approved the amendment of the By-Laws to indicate that decisions of the Board shall require the affirmative vote of at least 2/3 of the members of the board. Likewise, the stockholders of the Company approved it last July 29, 2015 during its Annual Stockholders Meeting. The SEC then approved the amendments to By-Laws on October 26, 2015.
Reference:
1. SEC Form 17-C - Board Meeting Results dated May 14, 2015
2. Annual Stockholders Meeting Results - July 29, 2015
3. PSE EDGE Disclosure/Amendments to By-Laws, October 26, 2015
4. Website/Corporate Governance/Board Goveranance/Board Meetings and Quorum Requirement
Reference Link