Responsibility and Authority of the Board. It shall be the responsibility of the Board to provide advice to Officers regarding the overall operation and direction of the Company. The function of the Board shall be similar to the oversight typically provided to a Corporation by its board of directors. The Officers shall, at all times, retain final responsibility for the day-to-day management, operation, and control of the Company, subject to the supervision and direction of the Board.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Vertex Aerospace Inc), Limited Liability Company Agreement (Acl Capital Corp), Limited Liability Company Agreement (American Commercial Lines LLC)
Responsibility and Authority of the Board. It shall be the responsibility of the Board to provide advice to Officers regarding the overall operation and direction of the Company. The function of the Board shall be similar to the oversight typically provided to a Corporation by its board of directors. The Officers shall, at all times, retain final responsibility for the day-to-day management, operation, and control of the Company, subject to the supervision and direction of the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Atrium Companies Inc)
