diff --git a/src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-OperatingAgreement.md b/src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-OperatingAgreement.md index 627a4ff..0569a0d 100644 --- a/src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-OperatingAgreement.md +++ b/src/TXSOS-Registered-ForProfit/TurnkeyNetworkSystemsLLC/TurnkeyNetworkSystemsLLC-OperatingAgreement.md @@ -2136,39 +2136,64 @@ b. Directors shall: d. Implement any required remedial actions within 15 days of findings. - ### Section 7.6 - Committee Meetings -1. Regular Meetings: - - The Company Committee shall meet at least quarterly - - Meeting notices must be provided at least 14 days in advance - - Meetings may be held virtually or in person +1. **Regular Meetings**: -2. Special Meetings: - - May be called by the Committee Chair or any two members - - Require 48-hour notice unless waived by all members - - May be held virtually or in person + a. The Company Committee shall meet at least quarterly; + + b. Meeting notices must be provided at least 14 days in advance; + + c. Meetings may be held virtually or in person; and + + d. Agendas must be distributed at least 7 days in advance. + +2. **Special Meetings**: + + a. May be called by the Committee Chair or any two members; + + b. Require 48-hour notice unless waived by all members; + + c. May be held virtually or in person; and + + d. Must include specific agenda items requiring urgent attention. + +3. **Quorum and Voting**: + + a. A majority of Committee members constitutes a quorum; + + b. Actions require majority vote of members present; + + c. Each member has one vote; and + + d. No proxy voting permitted. -3. Quorum and Voting: - - A majority of Committee members constitutes a quorum - - Actions require majority vote of members present - - Each member has one vote - - No proxy voting permitted ### Section 7.7 - Reporting Requirements -1. The Company Committee shall provide: - - Monthly reports to the TSYS Group Board - - Quarterly reports to series members - - Annual independence certifications - - Special reports as requested by the Board +1. **Reporting Schedule**: The Company Committee shall provide: -2. Reports shall include: - - Series activity and performance - - Compliance matters - - Risk assessments - - Material changes or events - - Other information as required by the Board + a. Monthly reports to the TSYS Group Board; + + b. Quarterly reports to series members; + + c. Annual independence certifications; and + + d. Special reports as requested by the Board. + +2. **Report Content**: Reports shall include: + + a. Series activity and performance; + + b. Compliance matters; + + c. Risk assessments; + + d. Material changes or events; + + e. Financial performance metrics; and + + f. Other information as required by the Board. ### Section 7.8 - Sociocratic Principles