<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><br class=""><div><br class=""><blockquote type="cite" class=""><div class="">On Jul 7, 2022, at 12:20 , Sylvain Baya <<a href="mailto:abscoco@gmail.com" class="">abscoco@gmail.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class="">Dear PDWG,<div class=""><br class=""></div><div class="">Hope this email finds you in good health!</div><div class=""><br class=""></div><div class="">Please see my comments below, inline...</div><div class="">Thanks.<br class=""><br class="">Le lundi 4 juillet 2022, ABDULKARIM OLOYEDE <<a href="mailto:oloyede.aa@unilorin.edu.ng" class="">oloyede.aa@unilorin.edu.ng</a>> a écrit :<br class=""><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr" class="">Dear All, <div class=""><br class=""></div><div class=""><br class=""></div></div></blockquote><div class=""><br class=""></div><div class="">Hi Abdulkarim,</div><div class="">Thanks for your email, brother!</div><div class=""> </div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr" class=""><div class=""><br class=""></div><div class="">[...]</div><div class="">B "<span style="color:rgb(255,102,0);font-family:Roboto,sans-serif;font-size:14px" class="">In the event that such Policy Proposal doesn’t reach consensus, it will not be further enforced or implemented, however, any actions taken in terms of the policy up to the non-consensus determination, will remain valid."</span> I totally disagree with this. This has grievous consequences. In addition to my objection in 'A' I think this clause makes it worse. How can such a policy stand? On what basis? So what this means is that the board can take an illegal action and it would stand. </div><div class=""><br class=""></div><div class=""><br class=""></div></div></blockquote><div class=""><br class=""></div><div class=""><br class=""></div><div class="">...this comes from the very MU's Company Act<span style="font-family:sans-serif;font-size:12.8px" class=""> </span><span style="font-family:sans-serif;font-size:12.8px" class="">[1]; </span></div><div class=""><span style="font-family:sans-serif;font-size:12.8px" class="">as you can see below: </span></div><div class=""><span style="font-family:sans-serif;font-size:12.8px" class=""><br class=""></span></div><div style="font-family:sans-serif;font-size:12.8px" class=""><quote></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class="">[...]<br class=""></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""><span role="presentation" dir="ltr" class="">141.</span><span role="presentation" dir="ltr" class=""> </span><span role="presentation" dir="ltr" class="">Validity of director’s acts</span><br role="presentation" class=""><span role="presentation" dir="ltr" class=""><br class=""></span></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""><span role="presentation" dir="ltr" class="">The acts of a director shall be valid even </span></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""><span role="presentation" dir="ltr" class="">though</span><span role="presentation" dir="ltr" class=""> </span><span role="presentation" dir="ltr" class="">-</span><br role="presentation" class=""><span role="presentation" dir="ltr" class=""><br class=""></span></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""><span role="presentation" dir="ltr" class="">(a)</span><span role="presentation" dir="ltr" class=""> </span><span role="presentation" dir="ltr" class="">the director’s appointment was defective; </span></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""><span role="presentation" dir="ltr" class="">or</span><br role="presentation" class=""><span role="presentation" dir="ltr" class="">(b)</span><span role="presentation" dir="ltr" class=""> </span><span role="presentation" dir="ltr" class="">the director is not qualified for appointment.</span></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class="">[...]<br class=""></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class=""></quo</span></font>te<font size="2" class=""><span style="font-family:monospace" class="">><br class=""></span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class="">__</span></font></div><div style="font-family:sans-serif;font-size:12.8px" class=""><font size="2" class=""><span style="font-family:monospace" class="">[1]:</span></font> sourced from page 113 -<br class=""></div><div style="font-family:sans-serif;font-size:12.8px" class=""><<a href="https://companies.govmu.org/Documents/legislation/13sept2021/Companies%20Act%202021.pdf" target="_blank" rel="noreferrer" style="color:rgb(66,133,244)" class="">https://companies.govmu.org/D<wbr class="">ocuments/legislation/13sept202<wbr class="">1/Companies%20Act%202021.pdf</a>></div><div class="quoted-text" style="color:rgb(80,0,80);font-family:sans-serif;font-size:12.8px"><div class=""><br class=""></div></div></div></div></blockquote><div><br class=""></div>I don’t think that portion of the companies act really applies here, however.</div><div><br class=""></div><div>We’re talking about whether to reverse actions taken by staff under policy proffered by the board which the community doesn’t affirm.</div><div><br class=""></div><div>That’s to a defective appointment of the director or a situation where a director was not qualified for appointment.</div><div><br class=""></div><div>The companies act clause you quoted regards a single director (presumably among many). It prevents the automatic unwinding of all board actions that occurred while a defective director was present. This is reasonable.</div><div><br class=""></div><div>However, a defective act of the board as determined by the community probably should default to being unwound unless the community chooses otherwise by consensus.</div><div><br class=""></div><div><blockquote type="cite" class=""><div class=""><div class=""><div class=""><br class=""></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr" class=""><div class=""><br class=""></div><div class=""><br class=""></div><div class="">[...]<span style="font-family:Roboto,sans-serif;font-size:14px" class=""> </span><br class=""></div><div class=""><span style="font-family:Roboto,sans-serif;font-size:14px" class=""><font class=""><br class=""></font></span></div><div class=""><span style="font-family:Roboto,sans-serif;font-size:14px" class=""><font class="">7. Section 3.5 As we have clearly seen now that the Board itself can be part of the controversy. If the board is now allowed to appoint all members of the AC then it is like a judge in its own case. </font></span></div><div class=""><span style="font-family:Roboto,sans-serif;font-size:14px" class=""><font class="">I give you a possible scenario based on this proposal. the board submit a proposal as an emergency, the proposal goes through and some object to it and decide to appeal. then the same board now appoints an appeal committee what do you think would happen to that case? I can give more examples. We need to be realistic. The AC should be appointed by the community and it must be a standing committee such that it cannot be reconstituted when </font></span><span style="font-family: Roboto, sans-serif; font-size: 14px;" class="">an appeal is submitted. that way it would not be a subjective committee. </span></div><div class=""><span style="font-family: Roboto, sans-serif; font-size: 14px;" class=""><br class=""></span></div><div class=""><span style="font-family: Roboto, sans-serif; font-size: 14px;" class=""><br class=""></span></div><div class=""></div></div></blockquote><div class=""><br class=""></div><div class="">Interesting hijacking scenario, brother :'-(</div></div></div></blockquote><div><br class=""></div>It’s not like it’s far fetched under the current circumstances.</div><div><br class=""><blockquote type="cite" class=""><div class=""><div class=""><div class="">Thanks for have pointing it out :-)</div><div class=""><br class=""></div><div class="">Shalom,</div><div class="">--sb.</div><div class=""><br class=""></div><div class=""><br class=""></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr" class=""><div class=""></div><div class=""><span style="font-family: Roboto, sans-serif; font-size: 14px;" class=""><br class=""></span></div><div class=""><span style="font-family: Roboto, sans-serif; font-size: 14px;" class="">8. I think this proposal needs more work.</span></div></div></blockquote></div></div></blockquote><div><br class=""></div>Agreed.</div><div><br class=""></div><div>Owen</div><div><br class=""></div><br class=""></body></html>