Director education Clause Samples
The Director Education clause requires that members of a company's board of directors participate in ongoing training or educational programs relevant to their roles. This may involve attending seminars, workshops, or courses on topics such as corporate governance, regulatory compliance, or industry-specific developments. By mandating continued education, the clause ensures that directors remain informed and competent, thereby enhancing the board's effectiveness and reducing the risk of oversight or mismanagement.
Director education. The Company has an informal process to educate new and existing directors about the nature of its business, current issues and the corporate strategy, and the expectations concerning performance of directors.
Director education. The Company shall assist the Board by providing appropriate orientation programs for new Directors, which shall be designed both to familiarize new Directors with the full scope of the Company’s businesses and to assist them in developing and maintaining skills necessary or appropriate for the performance of their responsibilities. The Board and the Company’s management shall similarly work together to develop and periodically implement appropriate continuing education programs for Board members.
Director education. The Board shall revise its “Principles of Corporate Governance” as follows:
Section I. F. shall be amended to add that: “Each director is required to attend a director education program at least once every five years during such director’s tenure on the Board.” See Exhibit G, Revised Principles of Corporate Governance. The Parties agree that the first such director education program will occur within two years of the finalization of the Settlement.
Director education. 1. Each director on the Board shall attend a Vanderbilt Directors’ College, Stanford Law School Directors’ College or similar program within two (2) years after final Court approval of the settlement of the Action. This requirement shall not apply to any director who has attended a similar program since January 2014.
2. Thereafter, the directors on the Board shall participate in regular continuing education.