Internal Control System. Each Group Company shall maintain the books and records in accordance with sound business practices and implement and maintain an adequate system of procedures and controls with respect to finance, management, and accounting that meets international standards of good practice and is reasonably satisfactory to a majority of the Board (which majority shall include a majority of Preferred Directors).
Appears in 2 contracts
Samples: Shareholder Agreements, Shareholder Agreements (LightInTheBox Holding Co., Ltd.)
Internal Control System. Each The Group Parties shall cause each Group Company shall to maintain the books and records in accordance with sound business practices and implement and maintain an adequate system of procedures and controls with respect to finance, management, and accounting that meets international standards of good practice and is reasonably satisfactory to a majority of the Board (which majority shall include a majority of Preferred Directors)Class B Majority Holders.
Appears in 2 contracts
Samples: Investors Rights Agreement, Investors Rights Agreement (China Techfaith Wireless Communication Technology LTD)
Internal Control System. Each Group Company shall maintain the books and records in accordance with sound business practices and implement and maintain an adequate system of procedures and controls with respect to finance, management, and accounting that meets international standards standard of good practice and is reasonably satisfactory to a majority of the Board (which majority shall include a majority of Preferred Directors)Series A Majority Holders.
Appears in 1 contract
Samples: Investor and Registration Rights Agreement (Yayi International Inc)
