OREANDA-NEWS. Mannai Corporation announces that Board of Directors of Mannai Corporation met on 25th January, 2016. After deliberations the Board resolved to recommend to the Extraordinary General Assembly of the company to amend the Articles of Association of the Company as follows:
  1. Amend Article 26 of the Articles of Association of Mannai Corporation QSC to read as follows after amendment: 

Article (26)

Company shall be managed by a Board of Directors of 10 members, to be elected for a term of 3 years. A director may be re-elected more than once. The Procedures of nomination of the Directors shall be formal, strict and transparent. The nomination of the Directors shall take into account, among other things, the ability of the candidates to give a sufficient time to their duties as Directors, in addition to their skills, knowledge, experiences, professional technical and academic qualifications and their personalities. The Board of Directors shall include executive, non-executive and independent directors. 

-Add Clause (7) under Article (32) of the Articles of Association of Mannai Corporation QSC to read as follows: 

-. Participation in the meeting of the Board of Directors may be by any of the common secure modern means of telecommunications which enables the participant to listen and effectively participate in the Board activities.

The Board of Directors may, if necessary and for urgency requirements, issue certain resolutions by circulation, subject to agreement in writing by all the directors to such resolutions, provided that such resolutions be presented in the consequent Board meeting to be included in the minutes of the meeting. 

-The Board further resolved to call for an Extraordinary General Assembly meeting at 04:00 p.m. on Wednesday, 10th February, 2016 at Millennium Hotel, Simsima Ballroom.