Financial Committee Sample Clauses

The Financial Committee clause establishes a designated group responsible for overseeing and managing the financial affairs of an organization or project. Typically, this committee is tasked with duties such as reviewing budgets, monitoring expenditures, and making recommendations on financial policies or investments. By centralizing financial oversight, the clause ensures accountability, transparency, and informed decision-making regarding the organization's financial matters.
Financial Committee. 1. The Committee shall represent States Parties that have supported the Commission financially during a reporting period. 2. The Government of each State Party referred to in paragraph 1 of this Article shall appoint a representative to act as a member of the Committee. 3. The Committee shall elect a Chairperson and a Vice Chairperson. 4. The Committee shall meet in the last quarter of each year. 5. The Committee shall: a. consider the Commission’s report on activity for the elapsed year and coming year; b. adopt recommendations relating to the Commission’s financial management in respect of which it shall take into account the views of important contributors to the Commission; c. review and approve the Commission’s Financial Regulations and reporting format; d. adopt the Committee’s rules of procedure. 6. The Chairperson, in consultation with the Director General may allow for the participation of other States, whether or not they are States Parties, as well as international and other organisations as observers without a vote. 7. The Committee shall take decisions by majority of votes of its members present. 8. Each year a member of the Committee shall be invited by the Director General to host the Committee’s meeting. Travel and accommodation costs related to the meeting will be borne by each member.
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Financial Committee. The Board of Director of the Company shall have established a financial committee (the “Financial Committee”), which shall consist of five (5) members, including one (1) director nominated by Flagship, one director nominated by SCGC or CIVC and three (3) directors nominated by the Founders. CIVC and Pitango may designate two observers, and TDR may designate one observer, to attend the meetings of the Financial Committee without voting rights. The Financial Committee shall be responsible for supervising the finance and accounting of the Company Group, including but not limited to budget, Related Party transactions, employee welfare planning and conducting internal audit provided however, that all actions of the Financial Committee relating to matters set out in Section 14.7 of the Shareholders Agreement shall require the affirmative vote of the directors nominated by Flagship and the Series B Investors. The Financial Committee shall meet on a regular basis at least once every quarter.
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Financial Committee. 1. The Council of Members shall establish a Financial Committee comprising one delegate of each Member. 2. The Financial Committee shall be responsible for the financial control of the International Olive Council and for the control of the application of chapter IV of this Agreement. In this context, it shall be in charge of analysing and studying the draft annual budgets of the International Olive Council proposed by the Executive Secretariat. Only the draft budgets resulting from the discussions of the Financial Committee shall be submitted to the Council of Members for adoption. The Financial Committee shall likewise be responsible for examining the accounts of the International Olive Council in accordance with the provisions of Article 18. Each year, the Financial Committee shall submit the accounts for the preceding financial year to the Council of Members for adoption at its annual session together with any other measure dealing with financial matters. 3. Detailed rules for the application of these provisions shall be established and adopted by the Council of Members in its Rules of Procedure.
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Financial Committee. Effective as of August 19, 2002, there occurs, for any reason, any alteration of the composition, or reduction of the responsibilities, of the Financial Committee of Recoton's Board by action of the Board, undertaken without the prior written approval of the Administrative Agent.";
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Financial Committee. As soon as reasonably practicable following the date hereof, the Company will reconstitute its Audit Committee of the Board of Directors as a Finance and Audit Committee of the Board of Directors (the “Committee”) comprised of no more than four members. The officers of the Company will report to the Committee according to an agenda established and approved by the Committee and the Committee will monitor the Company’s expenses, budget and revenues. The Committee shall report to the Board of Directors and any regular board observers from time to time at regularly scheduled meetings of the Board of Directors.
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Financial Committee. The Board of Director of the Company shall have established a financial committee (the “Financial Committee”), which shall consist of 3 members, including 1 director nominated by the Series A Investor. The Financial Committee shall be responsible for supervising the finance and accounting of the Company Group, including but not limited to budget, Related Party transactions, employee welfare planning and conducting internal audit provided however, that all actions of the Financial Committee relating to matters set out in Section 14.10 of the Shareholders Agreement shall require the affirmative vote of the director nominated by the Series A Investor. The Financial Committee shall meet on a regular basis at least once every quarter.
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Financial Committee. ‌ Upon request, the Superintendent or his/her designee, agrees to hold a meeting each year with the negotiations representatives of the Association for the purpose of studying the financial situation of the district.
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Financial Committee. The Financial Committee consists of the five (5) Directors appointed by the Indigenous Partners, inclusive of the Chair, and up to two (2) Directors appointed by the Donors. A representative of the Government of the NWT may attend the Financial Committee as an observer and may participate in the discussions and provide assistance and advice, unless the Financial Committee determines that it will meet in camera.
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Related to Financial Committee

  • Special Committee The term “Special Committee” shall have the meaning as provided in Section 13(a).

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board. (B) The Audit Committee shall have general supervision over the Audit Division in all matters however subject to the approval of the Board of Directors; it shall consider all matters brought to its attention by the officer in charge of the Audit Division, review all reports of examination of the Company made by any governmental agency or such independent auditor employed for that purpose, and make such recommendations to the Board of Directors with respect thereto or with respect to any other matters pertaining to auditing the Company as it shall deem desirable. (C) The Audit Committee shall meet whenever and wherever the majority of its members shall deem it to be proper for the transaction of its business, and a majority of its Committee shall constitute a quorum.

  • Evaluation Committee A. The Association and the Board agree to establish a standing joint Evaluation Committee comprised of members of the District Leadership Council for the purpose of evaluating the policy, procedure and process for the evaluation of certified teachers in the District.

  • Advisory Committee The Settling State shall designate an Opioid Settlement Remediation Advisory Committee (the “Advisory Committee”) to provide input and recommendations regarding remediation spending from that Settling State’s Abatement Accounts Fund. A Settling State may elect to use an existing advisory committee or similar entity (created outside of a State-Subdivision Agreement or Allocation Statute); provided, however, the Advisory Committee or similar entity shall meet the following requirements: (i) Written guidelines that establish the formation and composition of the Advisory Committee, terms of service for members, contingency for removal or resignation of members, a schedule of meetings, and any other administrative details; (ii) Composition that includes at least an equal number of local representatives as state representatives; (iii) A process for receiving input from Subdivisions and other communities regarding how the opioid crisis is affecting their communities, their abatement needs, and proposals for abatement strategies and responses; and (iv) A process by which Advisory Committee recommendations for expenditures for Opioid Remediation will be made to and considered by the appropriate state agencies.

  • Operating Committee the Consortium’s managing body, composed of representatives of the Manager and the Contractors, pursuant to Annex XI.