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This excerpt taken from the WEDC DEF 14A filed Apr 9, 2009. CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS
The Corporation has established policies and other procedures
regarding approval of transactions between the Corporation and
any employee, officer, director, and certain of their family
members and other related persons, including those required to
be reported under Item 404 of
Regulation S-K.
These policies and procedures are generally not in writing, but
are evidenced by long standing principles set forth in our Code
of Ethics and Business Conduct or adhered to by our Board. As
set forth in the Audit Committee Charter, as and to the extent
required under applicable federal securities laws and related
rules and regulations,
and/or the
NASDAQ listing standards, related party transactions are to be
reviewed and approved, if appropriate, by the Audit Committee.
Generally speaking, we enter into such transactions only on
terms that we believe are at least as favorable to the
Corporation as those that we could obtain from an unrelated
third party.
During the prior fiscal year, the Corporation was not involved
in any transactions with related persons, which includes our
directors, executive officers or shareholders known to us to
beneficially own more than five percent of our outstanding
common stock requiring disclosure under applicable securities
regulations.
This excerpt taken from the WEDC DEF 14A filed Jan 25, 2008. CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS
The Corporation has established policies and other procedures
regarding approval of transactions between the Corporation and
any employee, officer, director, and certain of their family
members and other related persons, including those required to
be reported under Item 404 of
Regulation S-K.
These policies and procedures are generally not in writing, but
are evidenced by long standing principles set forth in our Code
of Ethics and Business Conduct or adhered to by our Board. As
set forth in the Audit Committee Charter, as and to the extent
required under applicable federal securities laws and related
rules and regulations,
and/or the
NASDAQ listing standards, related party transactions are to be
reviewed and approved or disapproved by the Audit Committee.
Typically, we enter into such transactions only on terms that we
believe are at least as favorable to our company as those that
we could obtain from an unrelated third party.
The Corporation was not involved in any transactions with
related persons, which includes our directors, executive
officers or shareholders known to us to beneficially own more
than five percent of our outstanding Common Stock requiring
disclosure under applicable securities regulations.
This excerpt taken from the WEDC DEF 14A filed Jan 24, 2007. CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS
The Corporation was not involved in any transactions with our
directors, executive officers or shareholders known to us to
beneficially own more than five percent of our outstanding
Common Stock requiring disclosure under applicable securities
regulations.
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