Oct. 27, 2023, 12:03 p.m.
No response submitted.
SRP recognizes the Board of Director's role in reviewing the Expedited Proposal and appreciates the WPP's dedication to this process. To further enhance stakeholder understanding, SRP requests a detailed explanation of the Board of Director's specific role, the criteria for approval or rejection, and the potential implications of rejection. SRP values the transparency and collaboration facilitated by WPP through this BPM development.
If the Board action is to reject the Expedited Proposal, is there no situation where an amended proposal, or an entirely new proposal would be developed by RAPC and once again go through the Expedited Process? This appears to indicate that any proposal related to the exigent circumstances after a vote of rejection by the Board has to be performed through the standard stakeholder process (PRC etc.). Is that accurate?
In this section there is no specific accelerated timeframe provided for the Board of Directors to Approve/Reject the proposal. It would be helpful to specify here since the proposal is likely time sensitive.