Common use of Powers of the Steering Committee Clause in Contracts

Powers of the Steering Committee. The Steering Committee shall have all powers and rights necessary to ensure that the Purpose of the Agreement is achieved in the most efficient and cost-effective way. The tasks of the Steering Committee may include, inter alia: a) decisions on funding and expenses, scope and matters of policy; b) decisions on working and finance plan(s) and management of financial resources of the Consortium, including budgeting, funding collection and accountancy; c) appointment and removal of the Consortium Manager, Technical Manager, Legal Counsel and other external consultants to perform the necessary technical, scientific, legal, administrative, management, secretarial, accounting, record keeping or other tasks necessary for the fulfillment of the purpose of the Consortium, and the terms of such appointments. d) decisions to purchase, collect and develop Data; e) approval of the Dossier(s) in whole or in parts to be submitted to ECHA and selecting the Data which will be subject to a request for confidentiality protection in accordance with Article 119 of REACH; f) approval of financial valuations and Data compensation; g) approval of work on the review of the Dossier(s) in whole or in its parts; h) decision(s) regarding provision of rights to third parties in accordance with Article 10; i) decision(s) on the exclusion of a Member; j) decisions on amendments of this Agreement and/or its Annexes; and k) ensuring competition law compliance.