STATEMENT BY THE BOARD Clause Samples
The "Statement by the Board" clause requires the board of directors of a company to formally declare or confirm certain facts, decisions, or positions on behalf of the organization. Typically, this clause is used in legal documents, financial statements, or corporate resolutions where the board's official stance or approval is necessary, such as confirming compliance with regulations or authorizing specific actions. Its core practical function is to provide an authoritative and unified statement from the company's highest governing body, ensuring accountability and clarity regarding the board's decisions or acknowledgments.
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STATEMENT BY THE BOARD. The Board, having considered all pertinent aspects of the Proposed DRA, is of the opinion that the Proposed DRA is in the best interest of LPB Group.
STATEMENT BY THE BOARD. The Board, having considered all aspects of the Agreement, including the salient terms, is of the opinion that the Agreement is in the best interest of the Company.
STATEMENT BY THE BOARD. The Board, having considered all aspects of the Settlement, is of the opinion that the Settlement is fair and reasonable and is in the best interest of M3.
STATEMENT BY THE BOARD. The Board, after having considered the Overall QSPH Development and its financial effects, is of the opinion that the Overall QSPH Development is in the best interest of the Company.
STATEMENT BY THE BOARD. The Board, after having considered, the terms of the Privatisation Agreement, the rationale for the QSPH Development, the prospects of Proposed Development and financial effects of the Privatisation Agreement, is of the opinion that the Privatisation Agreement is in the best interest of the Company.
STATEMENT BY THE BOARD. The Board of Directors of OCB, having considered all aspects of the Termination and Acquisition, is of the view that the Termination and Acquisition are in the best interest of OCB.
STATEMENT BY THE BOARD. The Board of Directors, after considering all aspects of the Project, including, inter alia, the rationale of the Project and the prospects of the property development industry, as well as the effects on the earnings of AB Group and prospects of the Project, is of the opinion that the Project is in the best interest of the Company.
STATEMENT BY THE BOARD. The Board, after having considered all aspects of the JVA, is of the opinion that the JVA is in the best interest of the Company.
STATEMENT BY THE BOARD. The Board (save for the Interested Directors), after having considered all relevant factors of the Terminations, is of the opinion that the Terminations are in the best interest of the Company.
STATEMENT BY THE BOARD. The Board of Directors, after considering all aspects of the FA, including, inter alia, the rationale of the FA and the favourable effects on cost savings and project cash flows, as well as the effects on the earnings of AB Group, is of the opinion that the entering of the FA is in the best interest of the Company.