Common use of General Issues Clause in Contracts

General Issues. The committees of the Board of Directors are work groups that are made up by members of the same Board of Directors, in consideration to their knowledge and experience. The Board has the power to create committees additional to those established in this Code, which may be permanent or temporary. DC – Contrato de Transporte de Crude Oil – 017 – 2013 180 The Board of Directors, by agreement, will determine the functions of each committee, the members of the Board of Directors that will make it up, their obligations regarding the Board of Directors and, in the case of a temporary committee, the term of its work. Besides the cases in which the law requires to have the presence of a greater number, all the Board Committees must have at least 1 independent director.

General Issues. The committees of the Board of Directors are work groups that are made up by members of the same Board of Directors, in consideration to their knowledge and experience. The Board has the power to create committees additional to those established in this Code, which may be permanent or temporary. DC – Contrato de Transporte de Crude Oil Transportation Agreement – 017 018 – 2013 180 178 The Board of Directors, by agreement, will determine the functions of each committee, the members of the Board of Directors that will make it up, their obligations regarding the Board of Directors and, in the case of a temporary committee, the term of its work. Besides the cases in which the law requires to have the presence of a greater number, all the Board Committees must have at least 1 independent director.

General Issues. The committees of the Board of Directors are work groups that are made up by members of the same Board of Directors, in consideration to their knowledge and experience. The Board has the power to create committees additional to those established in this Code, which may be permanent or temporary. DC – Contrato de Transporte de Crude Oil – 017 008 – 2013 180 167 The Board of Directors, by agreement, will determine the functions of each committee, the members of the Board of Directors that will make it up, their obligations regarding the Board of Directors and, in the case of a temporary committee, the term of its work. Besides the cases in which the law requires to have the presence of a greater number, all the Board Committees must have at least 1 independent director.