Interim governance changes Sample Clauses

Interim governance changes. An interim governance structure will be implemented in the period from the signature of the FPA to the moment that the Stakeholder Board and the Legal Entity becomes operational. In this period, the role of supreme decision-making body will continue to be fulfilled by the General Assembly (GA), until it can be replaced by the Stakeholder Board (SB). However, a key difference in the functioning of the GA in the interim phase will be that each Partner represented in the GA will have one, equal vote instead of the arrangement in the Ramp-Up Phase where voting rights were in proportion to a Partner institution’s share of EU funding. The SP Leaders (i.e. the Science and Infrastructure Board) will be confirmed by the GA / SB. The SIB Chair and two SIB Vice-Chairs will be elected by the SIB and confirmed by the GA / SB. The Directorate will be headed by a Director General (DG), who should be a prominent scientist and experienced manager of large-scale scientific undertakings. The Chair and Vice-Chairs of the SIB will represent the SIB on the Directorate, to help ensure a close working relationship between the two bodies. Persons filling HBP leadership positions, including the DG and all Members of HBP governing bodies (SB, DIR and SIB), must make a full declaration of their interests to the SB and satisfy the SB that any possible conflicts are identified and addressed. In the interim period, until the SB is established, the Coordinator will employ the DG. The Steering Committee of the Stakeholder Board (SCSB, see Section 2.3.2.5.2 below) will be created as soon as the FPA is signed. It will lead the Interim Phase, working in close collaboration with the GA. In particular, it will define the status and internal functioning of the Stakeholder Board and, later on, the Legal Entity.
Sample 1
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Related to Interim governance changes

  • Service Changes PBI may modify its Service by giving written notice to you (a “Service Change Notice”), which will state whether the change is material. After receiving a Service Change Notice, if the change is material, you may terminate Service by giving us a termination notice at the address indicated in Section 21 or you may create a case at xxxxxxxxxxx.xxx/xx/xxxxxxx-xx.xxxx (follow the instructions under “how to create a case”).

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