The meaning of General mandate
Asked Jul 28, 2008, 07:23 PM
I am now studying the outline of Catalist , alternative market in Singapore.
Of which, the term of General mandate cannot make me understand.
I pick up the sentence as follows
(1) Subject to Rule 803, approval by an issuer's shareholders under Rule 805(1) is not
Required if shareholders had, by resolution in a general meeting, given a general
Mandate to the directors of the issuer, either unconditionally or on such conditions
I would appreciate it if anyone of you show me the meaning.