Appointments and compensation committee Sample Clauses

Appointments and compensation committee. As of the date of the Base Prospectus, the appointments and compensation committee of BELFIUS BANK had the following membership: Name Position Xxxxxxx Xxx Xxx Xxxxxx Chairman – director of BELFIUS BANK Xxxxxx Xxxxxxxxx Member – director of BELFIUS BANK Xxxxxx Xxxxxxxxxxxx Member – director of BELFIUS BANK Xxx Xxxxxx Member – chairman of the board of directors of BELFIUS BANK until 31 December 2013 Three independent directors (including the Chairman) sit on the appointments and compensation committee. The committee is constituted in such a manner as to enable it to formulate a competent and independent judgment of the policies and practices of remuneration and on the incentives created for the management of risks, capital and reserves and liquidity. As representatives of the management board, the chairman of the management board and the head of Human Resources attend meetings of the appointments and compensation committee. Representative(s) of Belfius Insurance attend(s) meetings of the appointments and compensation committee for questions relating to Belfius Insurance and its subsidiaries. The appointments and compensation committee prepares the decisions of the board of directors that relate to: • compensation policy; • the compensation paid to the chairman of the management board and, at its proposal, the compensation of the members of the management board; and • the compensation report published in the annual report. The appointments and compensation committee: • regularly checks with management to see whether the compensation programme is achieving its aim and complies with the provisions in force; • assesses each year the performance and activities of the members of the management board of BELFIUS BANK and Belfius Insurance; • evaluates each year the criteria for independence based on which independent directors can be appointed. It also puts forward proposals to the general meeting of shareholders; and • makes proposals for the appointment or renewal of the term of office for the chairman and members of the management board of BELFIUS BANK and Belfius Insurance. The appointments and compensation committee acts for both BELFIUS BANK and Belfius Insurance.
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Related to Appointments and compensation committee

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  • Board Committees The Director hereby agrees to sit in the relevant committees of the Board and to perform all of the duties, services and responsibilities necessary thereunder.

  • Committees 1. The Parties agree on establishing Committees in the following matters: (a) Trade in Goods; (b) Trade in Services; (c) Investment; (d) Sanitary and Phytosanitary Measures; (e) Technical Barriers to Trade; (f) Trade Facilitation; (g) Rules of Origin; and (h) Cooperation, including Intellectual Property. 2. The Free Trade Commission may create additional Committees, if needed. The Committees on Sanitary and Phytosanitary Measures, Technical Barriers to Trade and Rules of Origin shall coordinate their tasks with those of the Committee on Trade in Goods. 3. Except as otherwise provided in this Agreement, the Committees shall convene in regular session once a year at the same time the Free Trade Commission convenes. When special circumstances arise, the Parties shall meet at any time upon agreement at the request of one Party. Regular sessions of the Committees shall be chaired successively by each Party. Other sessions of the Committee shall be chaired by the Party hosting the meeting. The sessions may be held by any technological means available to the Parties. 4. When necessary, the Committees created hereby shall consult with such other Committees as needed to address the issues they handle.

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