Chairmen’s Committee. A committee composed of the Chairmen (or other nominated senior staff) of The Signatory Authorities, that is ultimately responsible for the discharging of the responsibilities within this MOU. The Chairmen’s Committee formally meets on a biannual basis, or more regularly as required. The Chairmen’s Committee meets on a regular basis with members of the Managing Board of Euronext N.V., and on an ad hoc basis with members of the Euronext N.V. Supervisory Board. Each member of the Chairmen’s Committee undertakes to ensure consistency of decisions between the conclusions and resolutions of the Chairmen’s Committee and his local board and/or other relevant decision making committee as necessary, and/or to any other relevant competent authority, where a decision by the board and/or such other committee and/or competent authority is necessary to give the conclusion or resolution legal effect in the relevant jurisdiction.
