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    <title>Approval by the Board of Directors</title>
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    <description>Board approval is required for an acquirer&#039;s delisting proposal within the prescribed period; the Board must appoint a Peer Review Company Secretary to obtain and review two years&#039; trading and off-market transaction details for the acquirer, related entities and top twenty-five shareholders, and the Company Secretary must certify compliance with securities laws. The Board must certify overall legal compliance, acquirer compliance per the Company Secretary&#039;s report, and that delisting serves shareholder interest, and must file the due-diligence and audit reports with the stock exchanges for public dissemination.</description>
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