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Article 3
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A public company establishing a special committee shall adopt a special committee charter that shall at least include the following:
- The composition of the special committee members and their number and term of office.
- Official powers of the special committee.
- Rules of procedure for meetings of the special committee.
- Resources to be provided by the company when the special committee exercises its official powers.
The charter under the preceding paragraph, and any amendment thereto, shall be adopted by resolution of the board of directors.
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