DTE Energy 2014 Annual Report Download - page 133

Download and view the complete annual report

Please find page 133 of the 2014 DTE Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 190

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190

(b) Other Committees. The Board of Directors may, by resolution, appoint such other committees consisting of one or more
directors, and alternates, and shall designate the chair of each such committee. Committees other than the Executive Committee shall
have such authority as shall be specified by the Board of Directors in the resolution making such appointments.
(c) The Board of Directors may designate one or more directors as alternate members of any committee who may replace an
absent or disqualified member at any meeting of the committee. The Board shall have the power at any time to fill vacancies in, to
change the membership of, or to dissolve any committee. A majority of the authorized number of members of any such committee shall
constitute a quorum for the transaction of business, and the act of a majority of those present at any meeting at which a quorum is
present shall be the act of such committee. Committees and each member shall serve at the pleasure of the Board.
(d) Notwithstanding the foregoing, no committee of the Board shall have the power or authority to:
(i) amend the Articles of Incorporation, except that a committee may prescribe the relative rights and preferences of
the shares of a series if the Articles of Incorporation authorize the Board of Directors to do so;
(ii) adopt an agreement of merger or plan of share exchange;
(iii) recommend to shareholders the sale, lease or exchange of all or substantially all of the Company’s property and
assets;
(iv) recommend to shareholders a dissolution of the Company or revocation of a dissolution;
(v) amend these Bylaws;
(vi) fill vacancies in the Board of Directors; or
(vii) unless expressly authorized by the Board of Directors, declare a dividend or authorize the issuance of stock.
Section 8. Action by Consent. Any action required or permitted at any meeting of directors or committee of directors may be
taken without a meeting, without prior notice and without a vote, if all of the directors or committee members entitled to vote on the
action consent to the action in writing or by electronic transmission, before or after the action is taken. Such consents shall be filed with
the minutes of the proceedings of the Board of Directors or committee and shall have the same effect as a vote of the Board of
Directors or committee for all purposes.
Section 9. Compensation. Each director of the Company who is not a salaried officer or employee of the Company may
receive reasonable compensation for services as a director, including a reasonable fee for attendance at meetings of the Board of
Directors and committees thereof, service as a committee chair or as Presiding Director and attendance at the Company's request at
other meetings or similar activities related to the Company.