The Trustee Board Clause Samples

The Trustee Board clause defines the composition, powers, and responsibilities of the group of individuals or entities appointed to oversee the management and administration of a trust or organization. Typically, this clause outlines how trustees are selected or removed, the scope of their authority in making decisions, and the procedures for conducting meetings or passing resolutions. By clearly establishing the governance structure, this clause ensures accountability and effective oversight, helping to prevent mismanagement and providing a clear framework for decision-making within the trust or organization.
The Trustee Board. (a) The management of the Compensation Funds shall vest in the Trustee. (b) The Trustee Board shall consist of a minimum of three Directors and a maximum of five Directors as determined by the Directors. (c) Initially there shall be five Directors. JHISE must appoint three of those initial Directors and the NSW Government must appoint two of those initial Directors. 1 See letter agreements dated 3 August 2007 and 13 May 2008 specifying agreed interest rates for particular periods.
The Trustee Board. The management of the Compensation Funds shall vest in the Trustee.
The Trustee Board. 1.1 The management of the Fund shall vest in the Trustee. 1.2 The Trustee Board shall consist of a minimum of 3 Directors and a maximum of 5 Directors as determined by the Directors.