Supervisory Board. (1) A supervisory board shall be set up at the Investee Company if the Investor deems this necessary. (2) The Investee Company undertakes to prepare rules of procedure for the management in conjunction with the supervisory board. (3) The approval of the Investor shall be deemed given for all measures concerning which the Investor has a right of participation according to (S) 9 of this Agreement if its representative on the supervisory board has approved an appropriate resolution.
Appears in 4 contracts
Samples: Partnership Agreement (Lithium Technology Corp), Partnership Agreement (Lithium Technology Corp), Partnership Agreement (Lithium Technology Corp)