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New York--Members of the New York Diamond Dealers Club (DDC) recently approved amendments to the organization's by-laws that will increase term limits for officers and directors to five consecutive two-year terms.
The vote took place at a meeting held on Dec. 4, during which a divided DDC heard three people speak in favor of the proposed changes and three speak against the extended term limits, according to a release from the DDC.
In the end, the amendments passed by a margin of more than two-thirds. The vote by members followed an earlier 13-4 vote by the DDC's board of directors to allow the organization's general membership to vote on the issue of term limits.
With the term limit issued settled, the DDC now is working to schedule elections. All members are urged to contact the nominating committee and/or the executive office to nominate candidates.
Established in 1931, the DDC is the oldest and largest diamond bourse in the United States, with nearly 2,000 members from all over the United States and from Europe, Japan, Israel, South Africa and India.
Go News Center Added by: jessie Add time: 2009/11/30 3:16:13 view >>
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