Common use of Functions and Powers Clause in Contracts

Functions and Powers. The Supervisors shall exercise the following functions and powers: (a) examining the financial affairs of the Joint Venture; (b) supervising the acts of the Directors and Management Personnel when performing their duties for the Joint Venture; requesting for rectification of conduct of any Director or any member of Management Personnel if such conduct have harmed the interests of the Joint Venture; and proposing to dismiss any Director or any member of Management Personnel violating the laws, administrative regulations, this Contract, the Articles of Association or the resolutions of the Board; (c) attending the meetings of the Board as a non-voting attendee and making inquiries or suggestions to the matters to be resolved by the Board; (d) proposing convention of interim Board meetings; (e) making proposals to the Parties; (f) initiating any legal proceedings against any Directors or Management Personnel as provided under PRC Law; and (g) other functions and powers as designated by the Parties from time to time.

Functions and Powers. The Supervisors Supervisor shall exercise the following functions and powers: (a) examining the financial affairs of the Joint VentureJV; (b) supervising the acts of the Directors and Management Personnel Senior Staff when performing their duties for the Joint VentureJV; requesting for rectification of conduct conducts of any Director or any member of Management Personnel Senior Staff if such conduct conducts have harmed the interests of the Joint VentureJV; and proposing to dismiss any Director or any member of Management Personnel Senior Staff violating the laws, administrative regulations, this Contract, the Articles of Association or the resolutions of the Board; (c) attending the meetings of the Board as a non-voting attendee and making inquiries or suggestions to the matters to be resolved by the Board; (d) proposing convention of interim Board meetings; (e) making proposals to the PartiesBoard; (f) initiating any legal proceedings against any Directors or Management Personnel Senior Staff as provided under PRC Law; and (g) other functions and powers as designated by the Parties from time to time.