COMPANY’S CORPORATE GOVERNANCE Sample Clauses

COMPANY’S CORPORATE GOVERNANCE. 7.1 Proportional representation in the Company’s Board of Directors The Parties undertake to use their best efforts to ensure, to the extent legally possible, that each of them is represented in the Board of Directors in proportion to its Company shareholding. In particular, and as long as the Company’s Board of Directors is composed of 17 directors, the Parties may appoint one director for each 5.88% stake in the Company’s share capital. Given that once the transfer of the Shares provided herein is completed, Criteria shall hold a 24.439% stake, Repsol shall hold a 20.083% stake and the Buyer shall hold a 20.00% stake, four directors shall be appointed upon Xxxxxxxx’s proposal, three upon Repsol’s proposal, three upon the Buyer’s proposal, six shall be independent directors and one shall be an executive director (this being understood as the Chief Executive Officer). In the event of changes of the total number of directors composing the Company’s Board of Directors or fluctuations in the Parties’ shareholding in Company, the Parties will take the necessary steps to adjust the Board’s composition in such a manner as to maintain the balance between the directors appointed by each Party pursuant to the principle of proportional representation set out in this Clause.
Sample 1
AutoNDA by SimpleDocs
COMPANY’S CORPORATE GOVERNANCE 
Sample 1

Related to COMPANY’S CORPORATE GOVERNANCE

  • Corporate Governance Ultimus shall provide the following services to the Trust and its Funds:

  • Governance (a) The HSP represents, warrants and covenants that it has established, and will maintain for the period during which this Agreement is in effect, policies and procedures:

  • Shared Governance The parties shall develop a variety of shared governance models which schools may consider. Schools shall select a model that best suits their needs or the staff may develop an alternative model of governance with direct involvement by teachers, other staff and community representatives. Staff approval and commitment to the model is essential. The selected model of governance will be specifically described in each school's improvement plan.

  • Project Governance (a) If advised in writing by the Ministry the Recipient will:

  • Contract Governance Any contract made or entered into by the TIPS is subject to and is to be governed by Section 271.151 et seq, Tex Lo Code. Otherwise, TIPS does not waive its governmental immunities from suit or liability except to the extent expressly by other applicable laws in clear and unambiguous language. Yes, I Agree (Yes) 9

  • CHAIRMAN AND VICE-CHAIRMAN OF THE GOVERNORS 83. The Governors shall each school year, at their first meeting in that year, elect a chairman and a vice-chairman from among their number. A Governor who is employed by the Academy Trust shall not be eligible for election as chairman or vice-chairman.

  • Governance of School 2.1. The School's Governing Board is the independent board of the School that is responsible for the financial, organizational, and academic viability of the School; possesses the independent authority to determine the organization and management of the School, the curriculum, and the instructional methods; has the power to negotiate supplemental collective bargaining agreements with exclusive representatives of their employees and is considered the employer of School employees for purposes of chapters 76, 78 and 89; and ensures compliance with applicable laws.

  • Ethics No officer, agent or employee of the Board is or shall be employed by Provider or has or shall have a financial interest, directly or indirectly, in this Agreement or the compensation to be paid hereunder except as may be permitted in writing by the Board’s Code of Ethics, adopted May 25, 2011 (11-0525-PO2), as amended from time to time, which policy is hereby incorporated by reference into and made part of this Agreement as if fully set forth herein.

  • Code of Ethics The Adviser has adopted a written code of ethics complying with the requirements of Rule 17j-1 under the Act and will provide the Trust with a copy of the code and evidence of its adoption. Within 45 days of the last calendar quarter of each year while this Agreement is in effect, the Adviser will provide to the Board of Trustees of the Trust a written report that describes any issues arising under the code of ethics since the last report to the Board of Trustees, including, but not limited to, information about material violations of the code and sanctions imposed in response to the material violations; and which certifies that the Adviser has adopted procedures reasonably necessary to prevent "access persons" (as that term is defined in Rule 17j-1) from violating the code.

  • GOVERNANCE ARRANGEMENTS Enforceability of the Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.