Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) announced that an advance notice policy for nominating directors was approved. Objectives of The Policy include the facilitation an orderly and efficient meeting process, to give shareholders notice of director nominations, and to allow shareholders an informed vote after providing them with sufficient information on director nominations. The Policy is effective as of January 23, 2013 and is on SEDAR.
As quoted in the press release:
The Policy contains a provision requiring advance notice to Southern Silver in certain circumstances where shareholders of Southern Silver nominate individuals for election to the board of directors. The Policy establishes deadlines by which director nominations must be submitted to Southern Silver prior to any annual or special meeting of shareholders and also outlines the information that must be included in the notice to Southern Silver for an effective nomination to occur.