Common use of Governance Principles Clause in Contracts

Governance Principles. (a) The Shareholders agree that, subject to applicable laws, the Articles of Association and this Agreement, the Board of Directors shall be responsible for the management of the Company. The Shareholders further agree that the Company and the Wireless Business of the Company shall be managed in the spirit of a 50 - 50 (fifty - fifty) joint venture, subject to the exceptions set forth in this Agreement with respect to the dilution below certain levels of each Group’s Interest in the total issued and outstanding share capital of the Company. The Shareholders agree that the management of the Company shall be professional, oriented to obtaining results and excellence in the performance of the Company’s activities and in compliance with the Company Growth Principles.

Governance Principles. (a) The Shareholders agree that, subject to applicable laws, the Articles of Association and this Agreement, the Board of Directors shall be responsible for the management of the Company. The Shareholders further agree that the Company and the Wireless Business of the Company shall be managed in the spirit of a 50 - 50-50 (fifty - fifty-fifty) joint venture, subject to the exceptions set forth in this Agreement with respect to the dilution below certain levels of each Group’s Interest in the total issued and outstanding share capital of the Company. The Shareholders agree that the management of the Company shall be professional, oriented to obtaining results and excellence in the performance of the Company’s activities and in compliance with the Company Growth Principles.

Governance Principles. (a) The Shareholders agree that, subject to applicable laws, the Articles of Association and this Agreement, the Company will be managed by the Managing Board of Directors shall be responsible for under the management supervision of the CompanySupervisory Board. The Shareholders further agree that the Company and the Wireless Business of the Company shall be managed in the spirit of a 50 - 50 (fifty - fifty) joint venture, subject to the exceptions set forth in this Agreement with respect to the dilution below certain levels of each Group’s Interest in the total issued and outstanding share capital of the Company. The Shareholders agree that the management of the Company and its Subsidiaries shall be professional, oriented to obtaining results and excellence in the performance of the Company’s activities and in compliance with the Company Growth Principles.