The Executive Committee has the powers inherent to the Board of Directors except for those which cannot be delegated, pursuant to legal or by-law restrictions 2007 Sustainability Report As provided by Sections 1 and 2 of Article 23 of the Regulations of the Board, this Committee shall be made up of the Directors that the Board designates with the affi rmative vote of two-thirds of its members, with a minimum of fi ve (5) Directors and a maximum of eight (8).