Independent Members of the Board definition

Independent Members of the Board means Board Members who are not employees of the Company or an affiliate of the Company.
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Independent Members of the Board means members of the Board of Directors who meet the following conditions:
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Independent Members of the Board means the members of the Board consisting solely of independent directors the duties of which include the implementation and monitoring of this Conflict of Interest Policy.
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Examples of Independent Members of the Board in a sentence

  • The members of the Audit Committee are elected among the Independent Members of the Board of Directors and both members have five-year experience in audit/accounting and finance.

  • Under Section 53 of the Planning Act, this process is used for the creation of single lots or a very few lots in a process similar to that used for subdivision approval.

  • The Majority Holders, by notice to the Issuer, may waive an existing Default or Event of Default and its consequences except a continuing Default or Event of Default in the payment of the principal of or interest on any Notes.

  • Any determination as to whether a conflict of interest exists shall be determined by the Independent Members of the Board of Directors with all interested or conflicted Directors abstaining.

  • In accordance with the CMB’s legislation, other Members of the Board of Directors, not including elected Independent Members of the Board of Directors, are assigned from nominative “Group A” shareholders or elected from among candidate nominated by “Group A” shareholders.

  • Since there was no process where favorable vote of the majority of the Independent Members of the Board was sought for adoption of a resolution in the Meeting of the Board of Directors and where the General Assembly Meeting was consulted to adopt a resolution due to the dissenting votes of the Members, such an agenda was not available in the General Assembly Meeting.

  • In this context, the Internal Audit Department regularly reports to Audit Committee, which consists of Independent Members of the Board of Directors, and provides information on internal audit activities as requested.

  • No payment plan based on dividends, stock options or the performance of the Incorporation is used for the remuneration of the Independent Members of the Board of Directors.

  • The Executive shall report directly to the Independent Members of the Board.

  • KansayakuFor the Outside Independent Members of the Board, the secretariat of the Board of Directors is made available as a venue of contact for outside independent Members of the Board, which they can use to receive support with regard to their daily duties through means such as explanations, responses to inquiries about business execution, etc.

Related to Independent Members of the Board

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors of the Company who (i) was a member of such Board of Directors on the date of this Indenture or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election.

  • Sub-Committee means a committee of a committee created by the board.

  • the Board means the board of directors of the Company;