THE FINANCE DIRECTOR. The Board of Directors shall appoint one of its members as a finance director ("Finance Director"). The Finance Director shall have responsibility for the safekeeping of the funds and securities of the Company, shall keep or cause to be kept full and accurate accounts of receipts and disbursements in books belonging to the Company and shall keep, or cause to be kept, all books belonging to the Company and shall keep, or cause to be kept, all other books of account and accounting records of the Company. He shall deposit or cause to be deposited all moneys and other valuable effects in the name and to the credit of the Company in such depositories as may be designated by the Board of Directors or by any officer of the Company to whom such authority has been granted by the Board of Directors. He shall disburse, or permit to be disbursed, the funds of the Company as may be ordered, or authorized generally, by the Board, and shall render to the President of the Company and the directors whenever they may require it, an account of all his transactions as Finance Director and of those under his jurisdiction, and of the financial condition of the Company. He shall perform such other duties and shall have such other responsibility and authority as may be prescribed elsewhere in this Shareholders Agreement or from time to time by the Board of Directors. He shall have the general duties, powers and responsibility of a finance director of a corporation. If required by the Board, he shall give the Company a bond in a sum and with one or more sureties satisfactory to the Board, for the faithful performance of the duties of his office, and for the restoration to the Company, in the case of his death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession or under his control which belong to the Company.
