Functions of the Board of Directors Clause Samples
Functions of the Board of Directors. The Board of Directors shall:
(a) establish procedures for mobilising national resources to provide assistance in a timely and efficacious manner;
(b) establish a system for maintaining and sharing inventories of critical resources likely to be needed by Participating States in the event of a disaster;
(c) establish arrangements for rapidly accessing financial resources to cover the cost of mobilisation in the event of disaster in a Participating State;
(d) establish and maintain systems for facilitating the movement of resources originating in or transiting a Participating State having regard to the requirements of immigration and customs authorities;
(e) establish pro forma lists of the likely requirements of Participating States in the event of disaster;
(f) establish standards and procedures for the fair and equitable deployment of resources made available by Participating States in response to a disaster;
(g) determine the standards and procedures for a phased triggering of the disaster response mechanism;
(h) assess the contributions of Participating States to the administrative budget of the Agency and the Emergency Assistance Fund referred to in Article 25 and make recommendations to the Council;
(i) perform such other functions as the Council may determine.
Functions of the Board of Directors. Approving the business and financial policy of the Company to meet the objectives of the business and to maximize the shareholders’ value.
Functions of the Board of Directors. A. The Board of Directors shall govern the AUTHORITY and shall have the authority to carry out those functions of the AUTHORITY specified in this Agreement.
B. The Board of Directors shall have the power and authority to receive, accept, and utilize the services of personnel offered by any of the parties of this Agreement, or their representatives or agents; to receive, accept, and utilize property, real or personal, from any of the parties to this Agreement, or their agents or representatives (and each Member is authorized to provide such services and property upon such terms as are agreed upon by the Member and the Agency); and to receive, accept, and expend and disburse funds by contract or otherwise, for purposes consistent with the provisions of this Agreement, which funds may be provided by any of the parties to this Agreement, or their agents or representatives.
C. The Board of Directors shall provide, or cause to be provided, each Member with an annual report of the financial condition of the AUTHORITY and each plan, subplan or program, and the Operating Fund, including the fund balance of each Member District by plan.
D. The Board of Directors shall annually, on or before June 30, adopt a budget showing each of the purposes for which the AUTHORITY will need money and the estimated amount of money that will be needed for each such purpose for the ensuing fiscal year. A copy of the budget shall be transmitted to each of the participating Members. The budget process shall include approval of new employee positions.
E. The Board of Directors may appoint and dissolve working committees from its active Membership and direct Agency with respect to its responsibilities hereunder.
F. The Board of Directors shall determine the formulas and methods by which contributions and premiums will be paid to the AUTHORITY. The Board of Directors shall also provide for additional assessments, rebates, and plan changes during the year.
G. The Board of Directors shall elect an Executive Committee of eight
Functions of the Board of Directors. The Board of Directors shall manage the business and affairs of the Company consistent with the terms and conditions of this Agreement, including, without limitation, establishing the overall policies and procedures of the Company therefor, declaration of dividends and other distributions by the Company and the prosecution and defense of litigation.
Functions of the Board of Directors. The Board of Directors has the following functions:
a) To approve the yearly programme of activities.
b) To approve the budget of ACSUG and its accounts.
c) To approve the code of ethics that establishes the operating principles of ACSUG.
d) To approve the annual report on the activities of ACSUG.
e) To approve agreements with any public or private institutions and bodies that are considered necessary.
f) To produce and approve the regulations for the internal organisation and functioning of its permanent committee.
g) To approve projects for works, installations and services.
h) To agree on any credit and treasury operations.
i) To approve any variations in the budget, on the provision and additional requirement for credit during the financial year, depending on the rights granted in favour of ACSUG. Otherwise, the authorisation of the members of the consortium will be required.
j) To establish the funding for costs from the members of the bodies of ACSUG and the payments made to the members of its committees, in accordance with applicable regulations.
k) To implement any type of actions, claims and lawsuits in defence of the rights and interests of ACSUG.
l) To adopt the appropriate measures for the correct organisation and functioning of ACSUG.
m) To approve the admission of new members of the Consortium and the modification of its Statutes, in accordance with the stipulations of these Statutes.
n) To agree upon the dissolution and liquidation of the Consortium, in accordance with the stipulations of these Statutes.
o) To propose, to the department responsible for university administration, the public prices for the provision of the services offered by ACSUG which must be paid for. The proposal for prices will be approved in accordance with the procedure detailed in the applicable regulations on public fees and prices from the Xunta ▇▇ ▇▇▇▇▇▇▇.
p) Any other function attributed to it in these Statutes, in any other applicable regulations or any others that are not expressly attributed to the other bodies of ACSUG.