CenterPoint Energy 2015 Annual Report Download - page 172

oftheMeetingpursuanttothisSection8shallbeconclusiveandbindinguponallshareholdersoftheCompany.
InadditiontotheforegoingprovisionsofthisSection8,ashareholdershallalsocomplywithallapplicablerequirementsof
theExchangeActandtherulesandregulationsthereunderwithrespecttothematterssetforthinthisSection8.
Section9.ExecutiveandOtherCommittees.TheBoardofDirectorsmaydesignateoneormoremembersoftheBoardof
DirectorstoconstituteanExecutiveCommittee,andoneormoreothercommittees,whichshallineachcasebecomprisedofsuch
numberofdirectorsastheBoardofDirectorsmaydeterminefromtimetotime.Subjecttosuchrestrictionsasmaybecontainedin
theArticlesofIncorporationorthatmaybeimposedbytheTBOC,anysuchcommitteeshallhaveandmayexercisesuchpowers
andauthorityoftheBoardofDirectorsinthemanagementofthebusinessandaffairsoftheCompanyastheBoardofDirectorsmay
determine by resolution and specify in the respective resolutions appointing them, or as permitted by applicable law, including,
withoutlimitation,thepowerandauthorityto(a)authorizeadistribution,(b)authorizetheissuanceofsharesoftheCompanyand
(c)exercisetheauthorityoftheBoardofDirectorsvestedinitpursuanttoSection21.155oftheTBOCorsuchsuccessorstatuteas
maybeineffectfromtimetotime.Eachduly-authorizedactiontakenwithrespecttoagivenmatterbyanysuchduly-appointed
committee of the Board of Directors shall have the same force and effect as the action of the full Board of Directors and shall
constituteforallpurposestheactionofthefullBoardofDirectorswithrespecttosuchmatter.
The designation of any such committee and the delegation thereto of authority shall not operate to relieve the Board of
Directors,oranymember thereof,ofanyresponsibilityimposedupon itorhimbylaw, norshallsuchcommittee functionwhere
actionoftheBoardofDirectorscannotbedelegatedtoacommitteethereofunderapplicablelaw.TheBoardofDirectorsshallhave
thepoweratanytimetochangethemembershipofanysuchcommitteeandtofillvacanciesinit.Amajorityofthemembersofany
such committee shall constitute a quorum. The Board of Directors shall namea chairman at the time it designates members toa
committee.Each suchcommittee shallappoint suchsubcommittees andassistants asit maydeemnecessary.Except asotherwise
providedbytheBoardofDirectors,meetingsofanycommitteeshallbeconductedinaccordancewiththeprovisionsofSections4
and6ofthisArticleIIIasthesameshallfromtimetotimebeamended.Anymemberofanysuchcommitteeelectedorappointedby
theBoardofDirectorsmayberemovedbytheBoardofDirectorswheneverinitsjudgmentthebestinterestsoftheCompanywill
beservedthereby,butsuchremovalshallbewithoutprejudicetothecontractrights,ifany,ofthepersonsoremoved.Electionor
appointmentofamemberofacommitteeshallnotofitselfcreatecontractrights.
Section10.Notice.Onconsentofadirectororcommitteemember,noticefromtheCompanymaybegiventothedirector
or committee member by electronic transmission. The director or committee member may specify the form of electronic
transmissiontobeusedtocommunicatenotice.Thedirectororcommitteemembermayrevokethisconsentbywrittennoticetothe
Company. The consent is deemed to be revoked if the Company is unable to deliver by electronic transmission two consecutive
notices, and the person responsible for delivering notice on behalf of the Company knows that delivery of these two electronic
transmissionswasunsuccessful.Theinadvertentfailuretotreattheunsuccessfultransmissionsasarevocationof
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