Final answer:
The executive committee cannot act on this matter except for a board resolution on the depositary bank of the corporation.
Step-by-step explanation:
The executive committee cannot act on this matter except for C. Board resolution on depositary bank of the corporation. The executive committee is responsible for making important decisions on behalf of the board of directors, but certain matters may require the approval of the full board. In this case, the approval of a board resolution regarding the depositary bank of the corporation falls outside the purview of the executive committee.