Governance and Decision Making Sample Clauses
The "Governance and Decision-Making" clause establishes the framework for how decisions are made and who holds authority within an organization or agreement. It typically outlines the roles and responsibilities of governing bodies, such as boards or committees, and specifies procedures for making key decisions, including voting thresholds or required approvals. By clearly defining these processes, the clause helps prevent disputes, ensures accountability, and facilitates efficient and transparent management of the entity or project.
Governance and Decision Making. During the term of this MOA, all parties shall work together according to a mutually developed work plan with targeted dates of achievement of significant milestones. The intention is accountability benchmarks that could be 1) shared with the constituents with whom we each are involved, but 2) flexible enough to be revised by the group during this period. Each party will formulate their initial responsibilities to establish the Project. Information will be shared freely among all parties. Final decisions concerning the development shall be made through an evaluation process and consensus by all parties involved.
Governance and Decision Making. 14.1 The Parties shall set out the governance and decisions-making process in respect of this JCA in Appendix C.
Governance and Decision Making. The Parties shall form a joint steering committee (“JSC”) for key decision-making to ensure a successful Product transition, including joint review of promotional materials during the NDA License Agreement Term. The Parties may also form subcommittees, such as a joint manufacturing committee, to support discussion and decision making at JSC as necessary with regard to specific issues. The JSC shall meet either in person or virtually at least once per calendar year. The JSC shall include at least two (2) representatives from each Party. Notwithstanding the foregoing, all Product release decisions shall be made by KKUS during the NDA License Agreement Term.
Governance and Decision Making. 5.1 All decisions or issues requiring the agreement of the Members in accordance with this agreement shall be made by a meeting of Board and each Authority shall nominate an officer to act as its Authority’s representative at the Board. The Board shall be called the Pool Board and its decisions achieved by a simple majority with each Member having an equal vote. To amend the ‘no worse off for Pooling principle’ as per 3.1 would require agreement from all the Members. All Members shall make provision within their respective governance arrangements for their representative officer to have the required authority to participate in any decisions required of the Board.
5.2 For the purpose of decisions related to the joint use of funds gained and not distributed in accordance with clauses 3.1 – 3.8 the Member authorities may agree that the Pool Board shall defer to a separate decision making body whose role and terms of reference the Member Authorities shall agree.
5.3 In order to ensure effective and accurate reporting for business rate projections and planning and to assist the decisions required for the Pool’s operation will be supported by each Member agreeing to provide to the other Pool Members their best estimates and the relevant calculations supporting them within a time frame agreed by the Members.
5.4 If there are insufficient funds in the Pool, either from applying the volatility fund set aside, or from the additional levy retained to fully make safety net payments to Pool members, then the shortfall would be made up by other Pool members pro rata to their business rate baselines. Any additional contribution, if needed, on this basis will not be done in such a way that it takes any other Pool member below the threshold for a safety net payment (if it had not Pooled).
5.5 The Members shall undertake each year to review the working of this agreement and the operation of the Pool and shall make such changes as may be agreed to give ensure the most effective operation of the arrangement. The Pool Board shall meet no less than once each year and shall meet no later than during the provisional local government finance settlement so as to consider the future operation or possible dissolution of the Pool. For year 1, Pool members will review this governance arrangement prior to its operation for 2013/14 and make such changes as shall be agreed.
Governance and Decision Making