Common use of BOARD COMPOSITION / MANAGING DIRECTORS Clause in Contracts

BOARD COMPOSITION / MANAGING DIRECTORS. 9.1 The Administrative Board of Elster currently consists of ten members elected by the shareholders of whom the Chief Executive Officer and the Chief Financial Officer are also two of the three managing directors. The remaining eight members of the Administrative Board are non-executive members.

Appears in 2 contracts

Sources: Investment Agreement, Investment Agreement (Melrose PLC)