Powers of Management Sample Clauses

Powers of Management. The directors must, subject to the Business Corporations Act and these Articles, manage or supervise the management of the business and affairs of the Company and have the authority to exercise all such powers of the Company as are not, by the Business Corporations Act or by these Articles, required to be exercised by the shareholders of the Company.
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Powers of Management a. The management of the competition shall be vested in the Association whose members shall be elected in accordance with Rules and Regulations of the Cornwall County Football Association. They shall have powers to apply, act upon and enforce the Rules of the Competition and shall also have jurisdiction over all matters affecting the Competition, including any not provided for in the Rules. Any action by the Association must be taken within 28 days of the Association being notified. b. The Association shall have the power to inflict fines upon Clubs in the case of breaches of the Rules, and if necessary to order matches to be replayed except where otherwise provided for. c. With the exception of Rule 3h, for all alleged breaches of a Rule the Association shall issue a formal written charge to the Club concerned. The Club charged shall be given 7 days from the date of notification of the charge to reply. In such reply a Club may: i. Accept the charge and submit in writing a case of mitigation for consideration by the Association on the papers; or ii. Accept the charge and notify that it wishes to put its case of mitigation at a hearing before a Committee convened by the Association; or iii. Deny the charge and submit in writing supporting evidence for consideration by the Association on the papers; or iv. Deny the charge and notify that it wishes to put its case of mitigation at a hearing before a Committee convened by the Association. v. Accept the charge and pay, within 14 days from the date of notification, the fine imposed. d. Where the Club charged fails to respond within 7 days, the Association shall determine the charge in such manner and upon such evidence as it considers appropriate. e. Where required, hearings shall take place as soon as reasonably practicable following receipt of the reply of the Club as more fully set out above. Having considered the reply of the Club (whether in writing or at a hearing), the Association shall make its decision and, in the event that the charge is accepted or proven, decide on the appropriate penalty (with reference to the Fines Tariff where applicable). f. The maximum fine for any breach of a Rule shall be £250 and, when setting any fine, the Association must ensure that the penalty is proportional to the offence, taking into account any mitigating circumstances. g. No Participant under the age of 18 can be fined. h. Subject to a Club’s right of appeal in accordance with Rule 4 below, all fines and charges must...
Powers of Management. 6, (A) The Management Committee may appoint sub-committees and delegate such of their powers as they deem necessary. The decisions of all sub-committees shall be reported to the Management Committee for ratification. The Management Committee shall have power to deal only with matters within the Competition a n d not for any matters of misconduct that are under the jurisdiction of The FA or Affiliated Association.
Powers of Management. The membership for the coming season, having been decided at a Annual General Meeting held no later than the 30th of June each year, the SJFL shall have the right, irrespective of other provisions in this Rule, to refuse to permit a Club to withdraw its team(s) in order to join another Competition and my hold the Club to its engagements.
Powers of Management. The board must, subject to the BCA and these Articles, manage or supervise the management of the business and affairs of the Company and has the authority to exercise all such powers of the Company as are not, by the BCA or by these Articles, required to be exercised by the shareholders of the Company.
Powers of Management. The Management Committee may appoint sub-committees and delegate such of their powers as they deem necessary. The decisions of all sub-committees shall be reported to the Management Committee for ratification. The Management Committee shall have power to deal only with matters within the Competition and not for any matters of misconduct that are under the jurisdiction of The FA or Affiliated Association. Subject to the permission of the Sanctioning Authority having been obtained, the Management Committee may order a match or matches to be played each Season, the proceeds to be devoted to the funds of the Competition and, if necessary, may call upon each Club (including any club which may have withdrawn during the Season) to contribute equally such sums as may be necessary to meet any deficiency at the end of the Season. Each member of the Management Committee shall have the right to attend and vote at all Management Committee meetings and have one vote thereat, but no member shall be allowed to vote on any matters directly appertaining to such member or to the Club so represented or where there may be a conflict of interest. (This shall also apply to the procedure of any sub-committee). In the event of the voting being equal on any matter, the Chairman of the Management Committee shall have a second or casting vote. The Management Committee shall have powers to apply, act upon and enforce these Rules and shall also have jurisdiction over all matters affecting the Competition. Any action by the Competition must be taken within 28 days of the Competition being notified. With the exception of Rules 6(I), 8(H), and 9, for all alleged breaches of a Rule the Management Committee shall issue a formal written charge to the Club concerned. The Club charged shall be given 7 days from the date of notification of the charge to reply. In such reply a Club may: Accept the charge and submit in writing a case of mitigation for consideration by the Management Committee on the papers; or Accept the charge and notify that it wishes to put its case of mitigation at a hearing before the Management Committee; or Deny the charge and submit in writing supporting evidence for consideration by the Management Committee on the papers; or Deny the charge and notify that it wishes to put its case of mitigation at a hearing before the Management Committee. Where the Club charged fails to respond within 7 days, the Management Committee shall determine the charge in such manner and upon s...
Powers of Management. (1) The rights and duties of the managing directors shall be established by law, this Shareholder Agreement, the employment agreements and resolutions adopted by the Supervisory Board. Managing directors must conduct the business with the diligence of a prudent businessperson. (2) If several managing directors are appointed, each of them shall be entitled internally to manage the Company alone. (3) The powers of management shall extend to all act in the ordinary course of the Company's business. Managerial acts outside the ordinary course of business shall require a prior affirmative resolution of the Supervisory Board. Managerial acts subject to approval shall include in particular: a) the appointment and dismissal of the independent auditor; b) mergers and associations with the participation of the Company; c) the formation of subsidiaries, the assumption of other organizations or the acquisition and sale of shares or rights to other organizations by the Company; d) the acquisition, sale and lending of immovable things; e) the borrowing and lending of loans and the provision of collateral for loans; f) the conclusion, modification and cessation of representation agreements in the terms of § 44 of the Collecting Societies Act; g) the filing of actions and seizure of arbitral tribunals in accordance with §§ 92 ff. of the Collecting Societies Act and the voidance of their decisions in matters with an amount in controversy of more than € 1 million, provided the above matters are also of fundamental significance for the Company; h) the acquisition of movable assets if the individual acquisition cost exceeds € 15,000; i) the construction of new or remodeling of buildings if the building costs exceed € 15,000; j) the establishment and dissolution of branch offices and permanent establishments; k) the assumption of the status of a general partner; l) the assumption of sureties, guaranties or similar obligations; m) the issuance of commercial powers of attorney and the revocation and conclusion or white- or blue- collar employment agreements of all types, if the yearly charges to the Company exceed € 102,000 respectively; n) the commitment to pension and other benefit claims; o) the conclusion of legal transactions with a shareholder if the obligation of the Company within a single financial year exceeds a total amount of € 15,000, or, outside an employment relation, with a holder of commercial powers of attorney, commercial agent or other executive. If the budge...
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Powers of Management. 10 3.2. Authority to Exercise Powers of Management.........................................................12 3.3. Managing Partner...................................................................................13 3.4. Reliance by Third Parties on General Partners......................................................14
Powers of Management. In its first meeting, the Board of Managers shall adopt a resolution specifying the authorities and responsibilities of the Executive Manager.
Powers of Management. In order to properly perform its duties hereunder, Management shall have the power and authority to do all things necessary and proper to carry out the Services set forth in Section 3.
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