This excerpt taken from the BELFA DEF 14A filed Apr 20, 2007.
PROPOSAL TWO: RATIFICATION OF THE DESIGNATION OF DELOITTE & TOUCHE LLP
The Audit Committee has selected Deloitte & Touche LLP to audit Bels books and accounts for the year ending December 31, 2007 and will offer a resolution at the meeting for shareholders to ratify the designation. Although shareholder ratification is not required, the designation of Deloitte & Touche LLP is being submitted for ratification at the 2007 Annual Meeting of Shareholders because it is perceived to be a matter of good corporate governance practice to submit this issue for ratification by shareholders. Ultimately, the Audit Committee retains full discretion and will make all determinations with respect to the appointment of Bels independent registered public accounting firm.