SIP Extraordinary General Meeting
Event Synopsis
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Amendment to SIP Bye-law SIP Bye-Law15.2 states that “For special projects that require expenditure exceeding$20,000 per month, the Council will be required to convene an ExtraordinaryGeneral Meeting to gain the approval of the majority of Voting Members present.Proxy votes and the votes of any video conferencing attendees shall also be counted.” The SIP Council therefore seeks the approval of SIP votingmembers (Fellows and Full Members) to allow SIP to disburse payments exceeding$20,000 per month for the necessary execution of works for the PLAB project toensure timely submission of deliverables to URA for the PLAB project. Thepayments to be disbursed will be from funds provided by URA to SIP, for thepurpose of the PLAB project. |