Examples of Board of Supervision in a sentence
The annual Shareholder Meeting shall discuss and approve: The Annual Financial Accounts; The report of the Board of Management on the evaluation of the business management and performance of the Company; The report of the Board of Supervision on the Board of Management and the General Director; Dividends for each class of Shares; and Other issues suggested by the Board of Management.
The Board of Management is required to call for extra Shareholder Meeting in the event where: It is necessary for the benefits of the Company; The number of Board Members are reduced to a number smaller than that stipulated in the Laws; There is a request made by any Shareholder; or There is a request made by the Board of Supervision.
Where the Board of Supervision fails to call for the Shareholder Meeting as stipulated in Article 25.6, any Shareholder or group of Shareholders in place of the Board of Management and the Board of Supervision, shall have the right to call for the Shareholder Meeting in complying with this Charter.
The organization of the Company shall comprise of: Shareholders Meeting; Board of Management; Chairman; General Director; and Board of Supervision.
If the Board of Supervision fails to call for the Shareholder Meeting as required, Chairman of the Board of Supervision shall be responsible before the Laws and be liable to any damage causing to the Company.
Where the Board of Management fails to call for the Shareholder Meeting as stipulated in Article 25.4, the Board of Supervision in replace of the Board of Management shall call for the Shareholder Meeting within the next [30] days in complying with this Charter.
One-tier boards involve a single board of directors consisting of both executive and non-executive directors, and with a two-tier board system there are two boards, a Board of Management and a Board of Supervision.
The consolidated and company financial statements have been prepared in accordance with Thai Generally Accepted Accounting Principles under the Accounting Act B.E. 2543, being those Thai Accounting Standards issued by the Institute of Certified Accountants and Auditors of Thailand and approved under law by the Board of Supervision of Auditing Practice appointed by the Minister of Commerce under the Auditor Act B.E. 2505, and the financial reporting requirements of the Securities and Exchange Commission.
Chairman of the Chamber and members of the Board and Board of Supervision may not be elected to the board of presidency.
In fact, only the Board of Supervision could fire a derelict Inspector or Assistant Inspector of Poor, a situation that caused multiple conflicts between Parochial Boards and the Board of Supervision.