LPL » Topics » Article 27. (Election of Directors)
This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Article 27. (Election of Directors)
Directors shall be elected at a General Meeting of Shareholders of the Company.
A resolution for the election of Directors shall be adopted by the affirmative votes of the majority of the shareholders present; provided, that, such votes shall represent at least
one-fourths (1/4) of the total number of issued and outstanding shares.