Which conflict or waiver decisions need a Majority in Interest vote rather than Advisory Committee approval?
Working through the Cornerstone LPA for Venture Institute Sprint 6.
The template defines Approval as Advisory Committee consent or, if no committee exists, a Majority in Interest. Which conflict or waiver decisions most commonly require the wider LP vote rather than Advisory Committee approval?
Thank you for any practical guidance or examples.
The template defines Approval as Advisory Committee consent or, if no committee exists, a Majority in Interest. Which conflict or waiver decisions most commonly require the wider LP vote rather than Advisory Committee approval?
Thank you for any practical guidance or examples.