Common use of Functions and Powers of the Board Clause in Contracts

Functions and Powers of the Board. (1) The Board shall be responsible for all the affairs of the Institute. Its role, among other things, shall be to ensure that: (i) the Institute follows objectives, programmes and plans that are consistent with its aims and with the broad goals and objectives of the CVI; and (ii) the Institute is managed effectively by the Director in harmony with the agreed objectives, programmes and budgets, and in accordance with legal and regulatory requirements. (2) To this end, the Board shall: (i) define objectives, approve plans to meet the Institute’s aims and monitor the achievement of these aims; (ii) specify policies to be followed by the Director in pursuing the specified objectives; (iii) ensure the Institute’s cost-effectiveness, financial integrity, and accountability; (iv) approve the Institute’s programme and budget; (v) appoint an external auditor and approve an annual audit plan; (vi) approve the Institute’s broad organizational framework; (vii) approve personnel policies including scales of salaries and benefits; (viii) approve the Institute’s fund raising and resource mobilization strategies, policies and programmes, and promote such fund raising and resource mobilization activities; (ix) maintain the composition of the Board with respect to expertise needed to discharge the full range of its responsibilities, monitor the performance of staff and evaluate the Institute’s performance; and (x) perform all other acts that may be considered necessary, suitable and proper for the attainment of the aims of the Institute as set forth in Article IV hereof. (3) The Board may designate an Executive Committee of its members which shall have the power to act for the Board in the interim between Board meetings, and on matters which the Board delegates to it. All interim actions of the Executive Committee shall be reported to the full Board at its next meeting. The Board shall decide on the membership of the Executive Committee to be a subset of the Board. The Director and at least one ex-officio member of the host country, Republic of Korea, shall serve as members of the Executive Committee. (4) The Board may establish such other subsidiary Committees as it deems necessary for the performance of its functions.

Functions and Powers of the Board. (1) . The Board shall be responsible for all the affairs of the Institute. Its role, among other things, shall be to ensure that: (i) the Institute follows objectives, programmes and plans that are consistent with its aims and with the broad goals and objectives of the CVI; and (ii) the Institute is managed effectively by the Director in harmony with the agreed objectives, programmes and budgets, and in accordance with legal and regulatory requirements. (2) . To this end, the Board shall: (i) define objectives, approve plans to meet the Institute’s aims and monitor the achievement of these aims; (ii) specify policies to be followed by the Director in pursuing the specified objectives; (iii) ensure the Institute’s cost-effectiveness, financial integrity, and accountability; (iv) approve the Institute’s programme and budget; (v) appoint an external auditor and approve an annual audit plan; (vi) approve the Institute’s broad organizational framework; (vii) approve personnel policies including scales of salaries and benefits; (viii) approve the Institute’s fund raising and resource mobilization strategies, policies and programmes, and promote such fund raising and resource mobilization activities; (ix) maintain the composition of the Board with respect to expertise needed to discharge the full range of its responsibilities, monitor the performance of staff and evaluate the Institute’s performance; and (x) perform all other acts that may be considered necessary, suitable and proper for the attainment of the aims of the Institute as set forth in Article IV hereof. (3) . The Board may designate an Executive Committee of its members which shall have the power to act for the Board in the interim between Board meetings, and on matters which the Board delegates to it. All interim actions of the Executive Committee shall be reported to the full Board at its next meeting. The Board shall decide on the membership of the Executive Committee to be a subset of the Board. The Director and at least one ex-officio member of the host country, Republic of Korea, shall serve as members of the Executive Committee. (4) . The Board may establish such other subsidiary Committees as it deems necessary for the performance of its functions.

Functions and Powers of the Board. (1) . The Board shall be responsible for all the affairs of the Institute. Its role, among other things, shall be to ensure that: (i) the Institute follows objectives, programmes programs and plans that are consistent with its aims and with the broad goals and objectives of the CVI; and (ii) the Institute is managed effectively by the Director in harmony with the agreed objectives, programmes programs and budgets, and with in accordance with legal and regulatory requirements. (2) . To this end, the Board shall: (i) define objectives, approve plans to meet the Institute’s 's aims and monitor the achievement of these aims; (ii) specify policies to be followed by the Director in pursuing the specified objectives; (iii) ensure the Institute’s 's cost-effectiveness, financial integrity, and accountability; (iv) approve the Institute’s programme 's program and budget; (v) appoint an external auditor and approve an annual audit plan; (vi) approve the Institute’s 's broad organizational framework; (vii) approve personnel policies including scales of salaries and benefits; (viii) approve the Institute’s 's fund raising and resource mobilization strategies, policies and programmesprograms, and promote such fund raising and resource mobilization activities; (ix) maintain the composition of the Board with respect to expertise needed to discharge the full range of its responsibilities, monitor the performance of staff and evaluate the Institute’s 's performance; and (x) perform all other acts that may be considered necessary, suitable and proper for the attainment of any or all of the aims of the Institute as set forth in Article IV hereof. (3) . The Board may designate an Executive Committee of its members which shall have the power to act for the Board in the interim between Board meetings, and on matters which the Board delegates to it. All interim actions of the Executive Committee shall be reported to the full Board at its next meeting. The Board Executive committee shall decide on the membership be comprised of the Executive Committee to be a subset five members of the Board. The Director and at least one ex-ex officio member of the host country, Republic of Korea, country shall serve as members of the Executive Committee. (4) . The Board may establish such other subsidiary Committees as it deems necessary for the performance of its functions.

Functions and Powers of the Board. (1) . The Board shall be responsible for all the affairs of the Institute. Its role, among other things, shall be to ensure that: (i) the Institute follows objectives, programmes programs and plans that are consistent with its aims and with the broad goals and objectives of the CVI; and (ii) the Institute is managed effectively by the Director in harmony with the agreed objectives, programmes programs and budgets, and with in accordance with legal and regulatory requirements. (2) . To this end, the Board shall: (i) define objectives, approve plans to meet the Institute’s 's aims and monitor the achievement of these aims; (ii) specify policies to be followed by the Director in pursuing the specified objectives; (iii) ensure the Institute’s 's cost-effectiveness, financial integrity, and accountability; (iv) approve the Institute’s programme 's program and budget; (v) appoint an external auditor and approve an annual audit plan; (vi) approve the Institute’s 's broad organizational framework; (vii) approve personnel policies including scales of salaries and benefits; (viii) approve the Institute’s 's fund raising and resource mobilization strategies, policies and programmesprograms, and promote such fund raising and resource mobilization activities; (ix) maintain the composition of the Board with respect to expertise needed to discharge the full range of its responsibilities, monitor the performance of staff and evaluate the Institute’s 's performance; and (x) perform all other acts that may be considered necessary, suitable and proper for the attainment of any or all of the aims of the Institute as set forth in Article IV hereof. (3) . The Board may designate an Executive Committee of its members which shall have the power to act for the Board in the interim between Board meetings, and on matters which the Board delegates to it. All interim actions of the Executive Committee shall be reported to the full Board at its next meeting. The Board shall decide on the membership of the Executive Committee to be a subset of the Board. The Director and at least one ex-ex officio member of the host country, Republic of Korea, shall serve as members of the Executive Committee. (4) . The Board may establish such other subsidiary Committees as it deems necessary for the performance of its functions.