An excellent explanation and information link, seeing!

Thank you for this!

It would seem to appear that a board meeting is required prior to the release of material information to the public. This can be easily done through a conference call and doesn,t require the BOD meeting in person. Upon the decision of the BOD, the news is deemed either material or not, and each directors stamp of approval, or disapproval is recorded in the minutes of the meeting. This gives each individual director the chance to have his vote, if you will, officially recorded, either for or against. This is an insurance to each individual director if needed in any legal action that may arise in any future. This action either indemnifies the director or leave him/her open to liability, to not only their accountability obligated to shareholders, but the accountability to any director insurance they may have. If a director is intimidated or coerced into agreeing with the majority of a board in a matter that may be illegal, the director is still negligent, whereas he/she had the choice to bring the matter to the attention of an authoritative body.

I am speaking from a general sense and there is no specific target of my discussion.

IMO