Allocation and Distribution of Net Income. 1. The Board of Governors shall determine at least annually what part of the net income of the Bank shall be allocated, after making provision for reserves, to retained earnings or other purposes and what part, if any, shall be distributed to the members. Any such decision on the allocation of the Bank’s net income to other purposes shall be taken by a Super Majority vote as provided in Article 28.
Appears in 13 contracts
Samples: bphn.go.id, Asian Infrastructure Investment Bank, Articles of Agreement
