This excerpt taken from the WTM 10-Q filed Aug 1, 2008.
(2) The Board may meet for the transaction of business, adjourn and otherwise regulate its meetings as it sees fit.
(3) Directors may participate in a meeting of the Board through use of conference telephone or similar communications equipment, so long as all Directors participating in such meeting can hear one another. Participation in a meeting of the Board by this means constitutes presence in person at such meeting.
(4) Unless a greater number is otherwise expressly required by statute or these Bye-laws, every act or decision done or made by a majority of the Directors present at a meeting duly held, at which a quorum is present, shall be regarded as the act of the Board.