GOVERNING BOARD Clausole campione

GOVERNING BOARD. The Governing Board shall consist of one representative of each Contractor. The Co-ordinator shall chair all meetings of the Governing Board. Each representative shall have one vote and may appoint a substitute to attend and vote at any meeting of the Governing Board. The Governing Board shall in particular be entitled for: deciding political and strategic orientation of the Project; its Programme of Activities and Budget; deciding upon the Programme of Activities and its major changes; deciding upon the allocation of the Budget to the Programme of Activities and approving the changes of the Project Shares, if exceeding 20% 3of the EC contribution; deciding upon the Handbook for the Project’s management prepared by the Coordinator; deciding upon the rules for the management of the funds received from the Commission, including the transfer of the payment from the Co-ordinator to the Contractors; If necessary, may decide on staggered payments of the contribution to a Contractor for justified reasons; deciding upon the review and/or amendment of terms of the EC Contract and this Consortium Agreement; deciding on the further commitments proposed by the Executive Committee; deciding to suspend all or part of the Project or to terminate all or part of the Contract, or to request the Commission to terminate the participation of one or more Contractors; in case of default of a Contractor, agreeing on actions to be taken against the Defaulting Contractor; agreeing procedures and policies in accordance with the Commission contractual rules, Annex II General Conditions - Part B for the management of the Knowledge, IPR and Publications matters; settling any dispute arising from the Project implementation; deciding upon the enlargement of the Consortium and the access of new Contractors to the Contract and the Consortium Agreement, including related Competitive Calls and their procedures. All Contractors shall implement the decisions taken by the Governing Board. Refusal by a Contractor to implement a decision of the Governing Board shall be dealt with as per the provisions on Dispute Settlement.