Comsat Board of Directors: Hearing, Ninety-first Congress, First Session ... February 18, 1969

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U.S. Government Printing Office, 1969 - Всего страниц: 14

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Стр. 5 - ... term of the director whom he succeeds. Six members of the board shall be elected annually by those stockholders who are communications common carriers and six shall be elected annually by the other stockholders of the corporation. No stockholder who is a communications common carrier and no trustee for such a stockholder shall vote, either directly or indirectly, through the votes of subsidiaries or affiliated companies, nominees, or any persons subject to his direction or control, for more than...
Стр. 1 - SEC. 303. (a) The corporation shall have a board of directors consisting of individuals who are citizens of the United States, of whom one shall be elected annually by the board to serve as chairman.
Стр. 12 - Upon proclamation by the President that there exists -war or a threat of war or a state of public peril or disaster or other national emergency, or in order to preserve the neutrality of the United States...
Стр. 9 - They would authorize the Corporation, which plays a unique and vital role in international communications, to adopt bylaws to assure its ability to operate in accordance with law in the event of a national emergency. In the event of such an emergency and the unavailability of a majority of the Directors, such a provision would take precedence over Section 36 of the District of Columbia Business Corporation Act which requires that a majority of the directors of a corporation be present to constitute...
Стр. 15 - S. 17 does not involve any change of a policy nature, but simply corrects an inequity which was not contemplated in the Communications Satellite Act. Passage of this bill would not preclude any future action regarding Comsat which Congress might wish to take. At present, as the Comsat Chairman has pointed out, the Board of Directors is composed of 15 members, of which 3 are appointed for 3-year terms by the President, with the advice and consent of the Senate.
Стр. 2 - The corporation shall have a board of directors consisting of individuals who are citizens of the United States, of whom one shall be elected annually by the board to serve as chairman. Three members of the board shall be appointed by the President of the United States, by and with the advice and consent of the Senate, effective the date on which the other...
Стр. 9 - HR 4214 and S. 17. The Corporation views the proposed amendment as a matter of urgency. The present discrepancy between shareholdings and the Board representation is substantial. It is our hope to recitfy the discrepancy at the annual meeting of the Corporation in May. To enable us to do so, however, Congressional action before the end of February is necessary. For this reason, we will appreciate any efforts which can be made to expedite the enactment of this legislation. Mr. McCoRMACK. The proposed...
Стр. 1 - Staggersl(chairman) presiding. The CHAIRMAN. The committee will come to order. This morning we are holding hearings on two bills which in all substantive respects are identical, HR 4214, which I introduced, and S. 17, which was passed by the Senate on January 31. (The bills referred to, and reports thereon, follow:) [HR 4214, 91st Cong., first sess.] A BILL To amend the Communications Satellite Act of 1962 with respect to the election of the board of directors of the Communications Satellite Corporation....
Стр. 1 - ... 91st Cong., first sess.] A BILL To amend the Communications Satellite Act of 1962 with respect to the election of the board of the Communications Satellite Corporation Be it enacted 'by the Senate and House of Representatives of the United States of America in Congress assembled, That section 303 (a) of the Communications Satellite Act of 1962 (47 USC 733(a)) is amended to read as follows : "SEC. 303. (a) The corporation shall...
Стр. 8 - ... so appointed to fill a vacancy shall be appointed only for the unexpired term of the director whom he succeeds. Six members of the board shall be elected annually by those stockholders who are communications common carriers and six shall be elected annually by the other stockholders of the corporation.

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