Independent members of the Board of Directors definition

Independent members of the Board of Directors means members of the Board of Directors who satisfy the criteria and conditions stipulated in Clause2, Article 50 of this Charter.
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Independent members of the Board of Directors means members of the Board of Directors who satisfy the criteria and conditions stipulated in Clause2, Article 50 of this 3 Clause 32, Article 4, Law on Credit Institutions4 Clause 31, Article 4, Law on Credit Institutions5 Clause 28, Article 4, Law on Credit InstitutionsCharter.
Sample 1

Examples of Independent members of the Board of Directors in a sentence

  • Independent members of the Board of Directors were determined by approval of the independent members’ candidate lists comprising two persons in the Ordinary General Assembly meeting on 22 March 2018, in accordance with the Board of Directors resolution No. 2018/13 dated 28 February 2018.

  • To set the terms for payment of remuneration and compensation of expenses for Jere Calmes, Kcell JSC member of the Board of Directors, in accordance with the Policy on remuneration and reimbursement of expenses of Independent members of the Board of Directors of Kcell JSC for performing their duties, approved by the Annual General Meeting of Shareholders on 29 May 2019.

  • Independent members of the Board of Directors receive cash-settled Phantom DSUs. Each Phantom DSU entitles the holder to a cash payment equivalent to the value of a number of common shares (including deemed dividends, if applicable) to be paid upon the individual ceasing to be a Director for any reason, subject to the right to defer payment until up to December 31 of the year following their departure from the Board.

  • Independent members of the Board of Directors fully satisfy the “independence criteria” as laid down under.

  • Independent members of the Board of Directors shall prepare reports on performance of the Board of Directors.

  • Independent members of the Board of Directors shall refrain from actions that may compromise their independent status.

  • Independent members of the Board of Directors assume roles in multiple committees as there are 2 independent members in the Board of Directors.

  • Independent members of the Board of Directors do not receive performance-related compensation, severance payments or benefits.

  • Four out of twelve Non - Executive members of the Board of Directors shall be appointed as Independent members of the Board of Directors, in accordance with the legal terms.

  • Independent members of the Board of Directors shall disclose information on changes or circumstances occurring after their election to the Board of Directors, as a result of which they cease to be independent under applicable corporate governance standards.

Related to Independent members of the Board of Directors

  • Company Board of Directors means the board of directors of the Company.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • 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.

  • Board of Directors means the board of directors of the Company.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

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

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager or any Person directly or indirectly controlling or controlled by the Manager, and who are otherwise “independent” in accordance with the NYSE’s corporate governance listing standards (or the rules of any other national securities exchange on which the Common Stock is listed).

  • Board or Board of Directors means the Board of Directors of the Company.

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

  • Board of Directors or Board means the Board of Directors of Betex India Limited, as constituted from time to time.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • Independent Board Committee means the independent board committee of the Company

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

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

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

  • Guarantor’s Board of Directors means, with respect to any Guarantor, either the board of directors of such Guarantor or any duly authorized committee of that board.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Board Committee means those individual Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article V and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Chairman of the Board means the Chairman of the Board of the Corporation.

  • Committees means the committees formed under this Act or by the various functionaries of the University as the case may be and includes the Nomination Committee, the Finance Committee and such other committees;

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.