Assertion: fund's director | /r/HasProperty | absent
Facets:
value: from a board meeting
type: TEMPORAL
Source sentences:
text: As one commenter noted, a 75 percent level can be more effective than a simple majority in ensuring control of the board by independent directors if one or more independent directors are absent from a board meeting.
text: In response to concerns about the effect of the requirement on boards with only three directors, the exception to the 75 percent requirement we are adopting permits boards with three directors to have all but one director be independent.