(e) A committee may not, unless specifically authorized by the board of directors: (i) Authorize or approve distributions except according to a formula or method, or within limits, prescribed by the b

(e) A committee may not, unless specifically authorized by the board of directors: (i) Authorize or approve distributions except according to a formula or method, or within limits, prescribed by the board of directors; (ii) Approve or propose to shareholders action that this act requires to be approved by shareholders; (iii) Fill vacancies on the board of directors or, subject to subsection (g) of this section, on any of its committees; (iv) Adopt, amend or repeal bylaws. (f) The creation of, delegation of authority to, or action by a committee does not alone constitute compliance by a director with the standards of conduct described in W.S.