Common use of Reporting to Directors Clause in Contracts

Reporting to Directors. The General Manager and the management ------------------------- committee shall prepare and deliver the following statements and reports to each member of the Board: 12.8.1 quarterly unaudited financial statements within four (4) days of the end of each fiscal quarter; 12.8.2 annual unaudited financial statements by no later than the forty-fifth (45th) day after the end of the previous fiscal year; 12.8.3 annual audited financial statements and the auditor's report thereon by no later than the sixtieth (60th) day after the end of the previous fiscal year; and 12.8.4 daily production records by shift including inventory of diamonds held for sale at the end of each day.

Reporting to Directors. The General Manager and the management ------------------------- committee ------------------------ shall prepare and deliver the following statements and reports to each member of the Board: 12.8.1 quarterly unaudited financial statements within four (4) days weeks of the end of each fiscal quarter; 12.8.2 annual unaudited financial statements by no later than the forty-fifth (45th) day after the end of the previous fiscal year; 12.8.3 annual audited financial statements and the auditor's report thereon by no later than the sixtieth (60th) day after the end of the previous fiscal year; and 12.8.4 daily production records by shift including inventory of diamonds held for sale at the end of each day.