Policy Governance Sample Clauses

Policy Governance. The Parties agree the relationship between the Superintendent and the Board shall be governed by the principles set forth in Appendix A (the “Policy Governance”). Should the Board elect to materially alter the Governance Policy, such changes may be deemed by the Superintendent a Unilateral Termination by the District as such term is defined in Section 8.D except that any severance paid will be reduced by ten percent (10%). The Parties agree that a good faith discussion regarding a Unilateral Termination by the District under this section should take place prior to the Superintendent exercising any rights under this Section. Therefore, the Superintendent will provide the Board President with a written notice of his concern that the Board has materially altered its governing principles as described above thirty (30) days prior to the Superintendent terminating his employment with the District. During this thirty (30) day period the Parties will enter into good faith discussions intended to resolve the Parties’ governance concerns.
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Policy Governance. 2.1 The purpose of this document is to: 2.1.1 Provide a policy and framework within which the Board and management can outsource control functions, management functions and material functions which would otherwise have been performed by Abacus in-house; 2.1.2 Enable Abacus to comply with the outsourcing requirements of the Financial Services Board as set out in Directive 159. 2.1.3 Ensure that Abacus has appropriate governance and control over any outsourced activity; 2.1.4 Enable Abacus to carry out any outsourcing arrangement in such a manner that will: 2.1.4.1 not impact negatively on their ability to ensure a sustainable and growing business; 2.1.4.2 will ensure that Abacus will still be in a position to carry out their obligations as underwriters; 2.1.4.3 protect the interest of policyholders, and as such satisfy and meet all regulatory requirements, and
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Policy Governance. Policy governance for CARILEC is provided by a Board of Directors which comprises of not less than three (3) and not more than fifteen (15) members. The majority of Directors are elected from among the Full Members with one Director elected by the Associate Members to represent them and an Executive Director who administers the Secretariat located in Saint Lucia.
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Policy Governance. 2.4.1 The table below outlines the roles and responsibilities of the stakeholders responsible for governance of this Policy. Ownership Board of Directors The Board is responsible for policy ownership. Approval Board of Directors The Board is responsible for prior approval of this policy and any subsequent amendments thereto. Review Board of Directors, Managing Executives It is the responsibility of the Board and Managing Executives, to review this policy on at least an annual basis. Where appropriate, the policy must be adapted in view of any significant changes in the risk management system, or applicable legislation. Supervision Board of Directors The Board is ultimately responsible for the application and requirements of this Policy but delegates some functions to the Risk Committee (“RC”), Audit Committee The Audit Committee is responsible for the governance of the assessment of compliance with this Policy Risk Committee (RC) The RC is responsible for assigning and monitoring remediation of any non-compliance or other findings by the Audit Committee. Operational Implementation The Executive Committee (“EXCO”) EXCO are responsible for operational implementation of the policy. EXCO are responsible for understanding the principles of this policy and ensuring adequate information is made available to them to ensure they are confident that Abacus governance activities are being managed in-line with the requirements as set out by this policy. 2.4.2 In the event of a breach of this Policy, the Chief Risk Officer should be notified immediately. The Chief Risk Officer must then escalate the notified breach appropriately. Issues will be escalated to EXCO or CEO. After consultation with the CEO/EXCO, significant issues will further be brought to the attention of the RC.
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Related to Policy Governance

  • Corporate Governance The Organisation must ensure services are delivered in a manner consistent with the NSW Health Corporate Governance and Accountability Compendium.

  • Corporate Governance Matters The Parent Board shall take all necessary corporate action, to the extent within its power and authority, so that, as of the Effective Time, the directors constituting the Parent Board shall be as set forth in Schedule 2.15.

  • Governance (a) The HSP represents, warrants and covenants that it has established, and will maintain for the period during which this Agreement is in effect, policies and procedures: that set out a code of conduct for, and that identify the ethical responsibilities for all persons at all levels of the HSP’s organization; to ensure the ongoing effective functioning of the HSP; for effective and appropriate decision-making; for effective and prudent risk-management, including the identification and management of potential, actual and perceived conflicts of interest; for the prudent and effective management of the Funding; to monitor and ensure the accurate and timely fulfillment of the HSP’s obligations under this Agreement and compliance with the Enabling Legislation; to enable the preparation, approval and delivery of all Reports; to address complaints about the provision of Services, the management or governance of the HSP; and to deal with such other matters as the HSP considers necessary to ensure that the HSP carries out its obligations under this Agreement. (b) The HSP represents and warrants that: it has, or will have within 60 Days of the execution of this Agreement, a Performance Agreement with its CEO that ties a reasonable portion of the CEO’s compensation plan to the CEO’s performance; it will take all reasonable care to ensure that its CEO complies with the Performance Agreement; it will enforce the HSP’s rights under the Performance Agreement; and a reasonable portion of any compensation award provided to the CEO during the term of this Agreement will be pursuant to an evaluation of the CEO’s performance under the Performance Agreement and the CEO’s achievement of performance goals and performance improvement targets and in compliance with Applicable Law. “compensation award”, for the purposes of Section 9.3(b)(4) above, means all forms of payment, benefits and perquisites paid or provided, directly or indirectly, to or for the benefit of a CEO who performs duties and functions that entitle him or her to be paid.

  • Ethics No officer, agent or employee of the Board is or shall be employed by Provider or has or shall have a financial interest, directly or indirectly, in this Agreement or the compensation to be paid hereunder except as may be permitted in writing by the Board’s Code of Ethics, adopted May 25, 2011 (11-0525-PO2), as amended from time to time, which policy is hereby incorporated by reference into and made part of this Agreement as if fully set forth herein.

  • PROCUREMENT ETHICS Contractor understands that a person who is interested in any way in the sale of any supplies, services, construction, or insurance to the State of Utah is violating the law if the person gives or offers to give any compensation, gratuity, contribution, loan, reward, or any promise thereof to any person acting as a procurement officer on behalf of the State of Utah, or who in any official capacity participates in the procurement of such supplies, services, construction, or insurance, whether it is given for their own use or for the use or benefit of any other person or organization.