Examples of Conflict Matter in a sentence
The Observer shall have the same rights as all the directors on the Board including the right to attend and receive notice of any meeting of the Board (other than a Conflict Matter Meeting) together with an agenda specifying in reasonable detail the matters to be raised at the meeting and copies of any papers to be discussed at the meeting but the Observer shall not be permitted to vote on any matter to be resolved by the Board.
The Company and the Shareholders shall procure that all directors of the Group Companies appointed by the Shareholders shall vote in accordance with the decision of the Majority Shareholders, the Shareholders or the Board in respect of any Majority Shareholder Matter, Reserved Matter or Subsidiary Conflict Matter respectively.
The Parties will work together in good faith to resolve any disputes regarding whether a matter constitutes a Conflict Matter or a Subsidiary Conflict Matter.
If the Board delegates any or all of its powers or duties to a committee of the Board, the Observer shall have the right to receive notice of and attend meetings of any such committee (other than any Conflict Matter Meeting) as if such meetings were meetings of the Board.
In such circumstances, Clause 9 shall apply save that, in respect of the Capco Conflict Matter: the Capco Directors shall have no vote and the TfL Directors shall have one collective vote and the resolution shall be passed only where the collective vote of the TfL Directors is exercised in favour of the resolution.