Board Reserved Matters. The Shareholders shall procure, so far as they lawfully can, that no action shall be taken or resolution passed by the Company in respect of those matters set out in Schedule 2 (Board Reserved Matters) (“Board Reserved Matters”) without the approval of 75 per cent. of the Directors present and entitled to vote on such resolution (the “Board Super Majority”).
Appears in 2 contracts
Sources: Framework and Ipo Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Framework and Ipo Agreement (Cnova N.V.)