Title
Good Cause for and Approval of Telephonic Participation in the March 27, 2017 Audit Committee Meeting
Other Info
Submitted By: Don Ballard
Department: Legal Services
Financial Impact and Cost/Benefit Considerations:
Discussion
This resolution considers good cause and approval of director participation by telephone. Telephonic participation in Board of Director meetings of Pedernales Electric Cooperative Inc. ("PEC") are authorized under Article IV, Section 3 of the PEC Bylaws and the Board Meetings Policy when such participation is for good cause and with approval of the Board.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Board has determined that it is in the best interest of the Cooperative to hold a meeting this day to consider an Audit Committee matter and good cause exists to allow telephonic participation by Directors in the meeting because a quorum may not be reached for the meeting without authorized, telephonic participation by one or more Directors; and
BE IT FURTHER RESOLVED, and that the Board approves telephonic participation by Directors in the meeting; and
BE IT FURTHER RESOLVED that the Chief Executive Officer or his designee is authorized to take such actions as needed to implement this resolution.