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This excerpt taken from the ALLT 20-F filed Jun 28, 2007. Election of DirectorsOur ordinary shares do not have cumulative voting rights for the election of directors. Rather, under our articles of association our directors are elected by the holders of a simple majority of our ordinary shares at a general shareholder meeting. As a result, the holders of our ordinary shares that represent more than 50.0% of the voting power represented at a shareholder meeting have the power to elect any or all of our directors whose positions are being filled at that meeting, subject to the special approval requirements for outside directors described under "ITEM 6: Directors, Senior Management and Employees – Board Practices–Outside Directors.” |
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