Winnipeg, Manitoba -- March 24, 2014 -- The Boyd Group has announced that the Board of Trustees has adopted a Majority Voting Policy with respect to the election of trustees.
The policy shift directly affects the fund and directors of subsidiaries at the Annual General Meeting of Unitholders. Under the new directive, if a candidate receives more votes withheld than are voted in his or her favour, the candidate will be asked to submit his/her resignation to the Board, to be effective upon acceptance by the Board.
The Board, after considering the recommendation of its Governance and Nomination Committee, will make its decision on whether to accept the resignation and announce it in a news release within 90 days after the Annual General Meeting of Unitholders.
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