Common use of Responsibility for Management Clause in Contracts

Responsibility for Management. The Board shall be responsible for the overall guidance and direction of the Company. When exercising powers or performing duties, each Director may act in what the director believes is in the best interests of his/her appointing Shareholder, even though it may not be in the best interests of the Company.

Responsibility for Management. The Board shall be responsible for the overall guidance and direction of the Company. When Subject to complying with their duties as directors, when exercising powers or performing duties, each Director may act in what have regard to the director believes is in the best interests of his/her appointing Shareholder, even though it may not be in the best interests of the Company.