On 12 Apr 2013 00:03, "James Farrar" <james.farrar@gmail.com> wrote:
>
> The election rules only apply to elected directors, surely.

That's not what they say, though. Unless something is ambiguous or impossible, legally it is interpreted literally. Intent is irrelevant.

I am not a lawyer, so I don't know how a court would interpret the old election rule in the context of the proposed articles, but we really shouldn't be putting ourselves in a position where there is that kind of uncertainty.