Management Board. The Management Board is responsible for the overall strategic direction of the Integrated Service. Its functions and terms of references are set out in Schedule 3 Part I to this Agreement.
Management Board. (a) The Managing General Partner shall be subject to the oversight of a management board (the “Management Board”). The Management Board will initially have seven members. The Managing General Partner shall have the right to appoint five members of the Management Board and SLR shall have the right to appoint two members (each, an “SLR Designee”). The Managing General Partner shall promptly notify each other Partner of the name of each member of the Management Board and of the party that appointed such person and of any changes thereto. Each member of the Management Board shall serve until the removal, resignation, death or incapacity of such member. Any member of the Management Board may be removed or replaced at any time by the party that appointed such member with or without cause. Members of the Management Board shall not receive any compensation from the Partnership for their services as such. The Management Board may require the removal of any Partnership officer, and may increase or decrease the size of the Management Board, at any time and from time to time, subject to the appointment rights of the Managing General Partner and SLR.
(b) The Managing General Partner shall not take any of the following actions without the approval of the Management Board:
(i) acquire an interest in, or advance funds to, an Operating Company;
(ii) dispose of all or any material part of its interest in an Operating Company;
(iii) remove or appoint any officer of the Partnership,
(iv) issue any Units pursuant to Section 3.7(a),
(v) make any change to the number of persons comprising the Management Board or the right of any Person to appoint representatives to the Management Board,
(vi) take any action contemplated by clause (v) or (vi) of Section 4.2(b),
(vii) approve or modify any annual budget of the Partnership, or
(viii) such other matters as are specified in this Agreement.
(c) The Managing General Partner will not give its consent, on behalf of the Partnership, for an Operating Company to take any of the following actions without the approval of the Management Board:
(i) acquire an Investment,
(ii) dispose of all or any material part of an Investment,
(iii) incur any Indebtedness for which such Operating Company is liable or which is secured in whole or in part by any Investment,
(iv) remove or appoint any officer of such Operating Company,
(v) issue any equity interest in such Operating Company,
(vi) make any change to the fees payable by any Fund Entity in which su...
Management Board. The Management Board’s role is to: oversee the activities of the HIA, and work with & support the manager in managing and developing the service. It does not replace the role of the manager’s direct line manager. As a member of staff directly employed by the host authority, the HIA manager is a full member of the board.
Management Board. The Management Board shall be the Bank's executive body. The Management Board shall report to the Board of Directors and the Board of Governors. The Management Board shall consist of the Chairperson of the Management Board and his/her deputies appointed by the Board of Governors for a five-year term, generally from among citizens of the Bank's member states. When voting at Management Board meetings, each member of the Management Board shall have one vote. The Management Board's main task shall be to supervise the Bank's operations in accordance with the Agreement, the Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall directly manage the day-to-day affairs of the Bank and the Management Board within the scope of his/her authority and rights granted under this Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall participate in the meetings of the Board of Governors and shall chair the meetings of the Board of Directors. The Chairperson of the Management Board shall not vote at the meetings of the Board of Governors and the Board of Directors. The following falls within the competence of the Chairperson of the Management Board:
Management Board. 14.1 The Management Board will have a strategic role in:
14.1.1 monitoring and providing a forum for discussing the parties’ rights and obligations under this agreement;
14.1.2 debating the current version and any revisions to the Masterplan and Master
14.1.3 monitoring the delivery of the Development Requirements and providing a forum for discussing the level of Development Requirements and split of Social Rented Housing and Intermediate Affordable Housing comprised within the Affordable Housing Requirement; and
14.1.4 reviewing the artwork and design proposals for any hoardings proposed by the Developer.
14.2 The Management Board is to be made up of not less than two individuals appointed by the Council and not less than two individuals appointed by the Developer. The Management Board is to be chaired by one of the representatives appointed by the Developer. The initial members of the Management Board for the Council shall be the Council’s Deputy Chief Executive and the Strategic Director of Regeneration & Neighbourhoods and for the Developer shall be Xxxxxxx Xxxxx and Xxxxxxx Xxxxxxx.
14.3 The Developer and the Council each undertakes with the other to appoint as members of the Management Board individuals who have appropriate experience in major project development and who are otherwise appropriately qualified.
14.4 The Developer and the Council may each at any time appoint a suitable alternate representative on its respective behalf in place of a member of the Management Board by two Working Days’ notice to the other.
14.5 The Council and the Developer shall respectively ensure that each of its appointed representatives attend each meeting of the Management Board.
14.6 The Developer shall convene not less frequently than quarterly meetings of the Management Board, giving each member at least five Working Days notice of a meeting, at which the Council and the Developer shall review progress and matters relevant to the continued progress of the Development.
14.7 Either party shall be entitled to convene an extraordinary meeting on 10 Working Days notice to the other, but not more than six times a year.
14.8 An agenda, prepared by the party convening the meeting, for each meeting accompanied by all papers to be considered or submitted at the meeting is to be sent to each member of the Management Board at least 48 hours before the meeting whenever practical.
14.9 Minutes of each meeting are to be circulated by the Developer to the Council and the members ...
Management Board. 1. The management board of the register (‘Management Board’) shall consist of the Secretaries-General of the signatory institutions, who shall chair it on a rotating basis for a term of one year.
2. The Management Board shall:
(a) oversee the overall implementation of this Agreement;
(b) determine the annual priorities for the register as well as the budget estimates and share required for the implementation of those priorities;
(c) issue general instructions to the Secretariat;
(d) adopt the annual report referred to in Article 13;
(e) examine and decide upon reasoned requests for review of the Secretariat's decisions in accordance with point 9 of Xxxxx XXX.
3. The Management Board shall meet at least annually at the initiative of its Chair. It may also meet upon the request of one of its members.
4. The Management Board shall decide by consensus.
Management Board. The Management Board, constituted by six representatives elected from the Parents Association of the Xxxxxx Xxxxxxx French School (ref the Articles of Association), is responsible for the administrative, financial and legal matters of the institution.
Management Board. (a) Taking into account the terms of this Agreement and the Articles of Association the Management Board shall:
(1) carry out the Business Plan of the Company as amended from time to time;
(2) organize preparation for carrying out decisions of the Board of Supervisory Directors made in accordance with the relevant provisions of the Articles of Association and submit reports on their accomplishment;
(3) prepare a proposed revision to the Business Plan on an annual basis and present it to the Board of Supervisory Directors;
(4) prepare a proposed budget setting forth a detailed plan for capital and any other investment, expenses, and projected revenue for the Company in connection with its activities over the fiscal year covered by such budget period, and present the proposed budget to the Board or Supervisory Directors;
(5) manage Company property including its cash funds within such guidelines as may be set by the Board of Supervisory Directors;
(6) conclude contracts and agreements in the Company's name and ensure
(7) distribute profits in accordance with the relevant provisions of the Articles of Association;
(8) adequately insure and keep so insured the Company against all risks usually insured against by companies carrying on the same or similar business;
(9) carry out other functions based on the Articles of Association that are not inconsistent with the provisions of this Agreement or the direction of the Board of Supervisory Directors; and
(10) subject to Article 12.2, represent the Company in its relations with organizations, state organizations, firms, and institutions concerning the Business.
(b) GTS Hermes shall procure that the Management Board shall not without the prior written approval from the Board of Supervisory Directors permit the Company to engage in any dealings with relatives (in the case of an individual) of members of the Management Board or enter into any contracts with any Shareholder or Affiliated Company which are not in the ordinary course of business for the Company or which am not on normal commercial terms such as would be offered any unrelated third party.
(c) GTS Hermes shall have the right to nominate for removal or appointment of the Managing Director and the other Shareholders agree, subject to the provision set out in paragraph (d) below, to vote in favour of any such nomination, unless it cannot reasonably be expected to do so, and GTS Hermes agrees to indemnify and hold the other Shareholders harmless from and again...
Management Board. Except as otherwise provided herein, the appointment and removal of Managing Directors shall be made as provided for by applicable Law. The composition of the Management Board of the Company (the “Management Board”) is, and on Settlement shall be, as per the table attached as Schedule 1 (Composition of the Management and Supervisory Board) hereto. The Company Articles and the Management Board Rules shall govern Management Board proceedings. Except as otherwise provided herein, the Management Board shall consist of six (6) individuals (i) all of whom shall not be U.S. citizens or U.S. residents unless the Shareholders agree otherwise in writing (an individual serving on the Management Board, a “Managing Director”), and (ii) a majority of whom shall be German citizens and German residents unless the Shareholders agree otherwise in writing. No Managing Director shall simultaneously serve as a Supervisory Director. Subject to Section 2.1(d) and Section 2.1(e), the Managing Directors shall serve a term of one (1) year.
Management Board. Procedure
1. The Management Board shall meet at the Headquarters of the Facility, or at such other places as it may decide. It shall meet twice a year, unless the business of the Facility requires otherwise.
